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Rand slips as court to rule on SARB mandate

By: Reuters     15th August 2017 South Africa's rand was slightly weaker on Tuesday ahead of a court ruling on the central bank's inflation targeting mandate and an economic update by ratings agency Moody's. At 0717 GMT, the rand traded at 13.3400 versus the dollar, down 0.2% from its New York close on 13.3225. 

Rand edges up before Moody's rating decision

By: Reuters     11th August 2017 South Africa's rand strengthened on Friday as escalating geopolitical tension between the United States and North Korea drove up demand for safe-haven assets like gold and platinum, lifting the currencies of commodity exporters. At 0640 GMT, the rand was 0.11% firmer at 13.4450 per dollar... 

Miners rewarded for improved capital discipline

By: Henry Lazenby     11th July 2017 Increased cash flows, merger and acquisition (M&A) activity and new debt issues have helped many of the world’s top miners strengthen their balance sheets in 2016, reflecting miners’ response to investor messages around capital discipline, according to new analysis from PwC Canada. "As the global... 

Robo-adviser investment solution launched in SA

By: Schalk Burger     16th June 2017 Independent low-cost investment platform Itransact has launched a robo-advisor investment tool in South Africa that anyone can use to invest in exchange-traded funds- (ETF-) based market portfolios, says Itransact head Lance Solms. The ItransactGO solutions can be accessed on Itransact’s main... 

Operating environment remains challenging, despite 2016 improvement for top 40 miners – PwC

By: Ilan Solomons     7th June 2017 The world’s top 40 miners recovered from a “race to the bottom”, with bolstered balance sheets and a return to profitability in 2016, giving them much-needed space to pause and take a breath. This is according to advisory firm PwC’s ‘Mine 2017’ report, which was released on the sidelines of the... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

World Bank urges South Africa to shift investment tax incentives to more labour-intensive sectors

By: Natasha Odendaal     6th March 2017 The World Bank on Monday urged South Africa to consider “reorienting” certain investment tax incentives towards more labour-intensive sectors such as construction, manufacturing, agriculture and trade to encourage private investment and bolster job creation in the muted growth environment. This... 

South African National Space Agency appoints new CEO 

     8th February 2017 The South African National Space Agency has a new Chief Executive Officer. The new CEO of the South African National Space Agency, or SANSA, is Dr Val Munsami. He tells us about the agency’s plans and programmes for this coming year. 

Bidvest can tap $1bn for deals outside South Africa

By: Bloomberg     3rd February 2017 Bidvest Group is seeking deals outside its South African home market and could borrow as much as $1-billion for acquisitions after it spun off its food-services unit last year, its CEO said. 

Sappi celebrates 80 years on the JSE 

By: Megan van Wyngaardt     31st January 2017 Pulp and paper producer Sappi on Tuesday celebrated its eightieth year as a JSE-listed company, as well as the fact that it was, once again, part of the bourse’s Top 40 Index, which includes the 40 largest companies by market capitalisation included in the FTSE/JSE All Shares Index. Sappi has... 

South African stocks start 2017 positively, rand in the red

By: Reuters     3rd January 2017 South African stocks kicked off 2017 in positive territory as a platinum rally spurred producers of the precious metal, while dollar strength knocked the volatile rand into the red. The benchmark Top-40 index gained 0.8% on Tuesday, the first day of trade after the long New Year weekend, to... 

Outlook for renewable-energy IPPs in sub-Saharan Africa

     16th December 2016 South Africa's Renewable Energy Independent Power Producer Procurement Programme (REIPPP) has been successful in contracting over 6 000 MW of additional generation capacity in four rounds since 2011. Given the need for additional generation capacity in sub-Saharan Africa generally, as well as... 

JSE Top 40 index indicative of deeper-lying problems

By: Megan van Wyngaardt     17th November 2016 While industrial-listed companies as a proportion of the JSE’s Top 40 Index increased from 31% in the early 2000s to 70% in 2015, the resource-listed companies dropped, from over 50% to just 12% in the same period, though they slowly ticked back up to just over 20% by October. This, noted Bayhill... 

Sibanye to be included in FTSE/JSE Top 40 index

By: Creamer Media Reporter      7th September 2016 JSE- and NYSE-listed Sibanye will, from September 19, be included in the FTSE/JSE Top 40 index. It will initially be ranked thirty-fourth on the index. 

The Brexit fear: Was it overdone?

     18th July 2016 Various global and domestic real economic activity data gave financial markets last week a welcome boost. On the heal of the favourable USA job data the previous Friday, better than expected company earnings in the USA, and good growth prospects for China turned market sentiment to the good. The... 

Top 40 miners incur collective $27bn loss for 2015

By: Anine Kilian     7th June 2016 The world’s top 40 miners incurred a record collective loss of $27-billion in 2015, with market capitalisation down 37%, effectively wiping out all the gains made during the commodity supercycle. Advisory firm PwC pointed out in its yearly mine report, titled ‘Mine 2016: Slower, lower, weaker . .... 

Growthpoint introduces eco-friendly e-bikes to Sandton Central

     1st June 2016 Growthpoint Properties today introduced the first electronic bike hubs to Sandton Central in a pilot project that pioneers a new, convenient and environmentally innovative alternative mode of transport for South Africa’s financial hub. The e-bike project adds an exciting new service for... 

Entrepreneurial success is celebrated as 10 SMEs graduate from Growthpoint’s Property Point enterprise development programme

     21st April 2016 Ten thriving small businesses have graduated from the rigorous two-year enterprise development incubation programme offered by Property Point: a Growthpoint Initiative. These companies, which all offer skills and services for the property industry, are: BLK Construction owned by Kabelo and... 

Rand weakens on political risk, credit downgrade fears

By: Reuters     5th April 2016 South Africa's rand weakened on Tuesday as President Jacob Zuma faced a vote in parliament to remove him from office for failing to uphold the constitution, and a warning by the central bank that the risk of a credit ratings downgrade had increased. Zuma has the backing of the African National... 

New BBBEE Commission given teeth to tackle fronting 

By: Natasha Odendaal     29th March 2016 With fronting emerging as one of the “biggest abuses” of South Africa’s Broad-Based Black Economic Empowerment (BBBEE) Act of 2003, the newly established BBBEE Commission will provide government with the teeth to tackle what it effectively deems as fraudulent. Speaking to BBBEE Commission... 

Property Point’s new intake of small businesses are set for a more sustainable, competitive and brighter future

     7th March 2016 Property Point, a Growthpoint Properties’ initiative, has welcomed a new batch of small businesses to both its enterprise development and supplier development programmes in 2016. Property Point is an award-winning enterprise development initiative founded by Growthpoint Properties, South Africa’s... 

Growthpoint delivers 6.0% half-year distribution growth

     2nd March 2016 Growthpoint Properties Limited today reported distribution growth of 6.0% for its six-month interim period to 31 December 2015, delivering performance at the top end of its market guidance. Growthpoint delivered an increase in revenue of 28.7% from the prior half-year, with its distributable... 

Rand takes massive hit as Sars wars heat up

By: News24Wire      29th February 2016 Standard Bank Research said the “rand sacrificed most of the gains it had made since the end of January”, which analysts on Monday said was due to a boiling point in politics involving President Jacob Zuma and Finance Minister Pravin Gordhan. Zuma said on Friday that he will not interfere with a... 

Growthpoint’s Inanda Greens secures top businesses Heineken and FirstRand Bank Limited

     28th January 2016 Growthpoint Properties’ Inanda Greens office park is the new home of two top names in business: Heineken and FirstRand Bank Limited. Growthpoint confirmed it has signed both companies as tenants at its sought-after office park, in the high-demand business district of Wierda Valley in Sandton... 

Rand drops on Yellen's hawkish comments, stocks open lower

By: Reuters     3rd December 2015 South Africa's rand fell in early trade on Thursday as the dollar gained after Federal Reserve chair Janet Yellen said she was "looking forward" to the first US interest rate increase in nearly a decade. Stocks opened lower, with telecoms company MTN Group in the spotlight. Nigerian authorities... 

South Africa's rand under pressure as market eyes US rate hike

By: Reuters     23rd November 2015 South Africa's rand snapped a five-day winning streak against the dollar on Monday, reflecting renewed concerns about the impact US interest rate hikes could have on emerging markets. The JSE securities exchange's Top-40 futures index was down 0.4%, pointing to a slightly weak start for the local... 

Redefine Properties makes JSE Top 40 index

By: News24Wire      4th September 2015 Redefine Properties will for the first time be included in the FTSE/JSE Top 40 index, making it one of the 40 largest listed companies in South Africa by market capitalisation.  Redefine’s inclusion in the Top 40 was announced by the Johannesburg Stock Exchange on Wednesday evening and will take... 

Gold only nugget amid JSE bloodbath

By: News24Wire      24th August 2015 The world markets meltdown which continued on Monday spilled over to the JSE, dragging the All Share-index below 48 000 points. On Friday, the All Share closed below 50 000 points for the first time since the beginning of the year. On Monday, all the major indices on the JSE, with the exception... 

African countries looking to cross-list exchange-traded funds

By: Megan van Wyngaardt     13th August 2015 Market participants in Nigeria, Kenya and South Africa are in talks to launch the cross-listing of exchange-traded funds (ETFs) to provide domestic investors access to opportunities from another market. “By cross-listing ETFs on African exchanges, investors will be given access to liquid company... 

Labour market tensions could be mitigated through living wage, job creation 

By: Natasha Odendaal     9th July 2015 As pay equity continues to top the agenda of unions, regulators, workers and company shareholders alike, PwC warned on Thursday that focus needed to be drawn to the living wage and unemployment to avoid a knee-jerk reaction that could see an exodus of professionals. With companies and... 

Commodity prices weigh heavily on top 40 mining giants

By: Natasha Odendaal     4th June 2015 The tough fight faced by the global mining industry in 2014 would escalate into a brawl this year as mining companies worldwide struggled to emerge from depressed markets, PwC’s Africa Mining Centre of Excellence head Michal Kotze said on Thursday. Widespread government intervention, significant... 

Rope access maintenance could reduce power station shutdown durations

By: Mia Breytenbach     15th May 2015 Rope access use can assist in speeding up maintenance and shortening the duration of shutdowns and planned outages at State-owned electricity entity Eskom’s coal-fired power stations, states industrial rope access specialist Skyriders Access Specialists marketing manager Mike Zinn. “Rope access... 

Mwencha, Jeremy Galbraith, Issa Bakary …. others to speak at APRA 2015 Conference in Yaoundé, Cameroon

     17th April 2015 As the 27th edition of the African Public Relations Association conference gathers momentum, more renowned speakers have joined the league of facilitators for the conference scheduled to be held from May 12-14, 2015 in Yaoundé, Cameroon.  At the same time the organization will celebrate its 40th... 

Sustainability reporting on the rise among JSE-listed companies

By: Leandi Kolver     27th November 2014 This year, 82 companies met the JSE’s Socially Responsible Index (SRI) requirements relating to environmental, social and governance (ESG) policies and management practices, compared with only 72 companies in 2013, as companies become more aware of how they communicate sustainability management... 

Mining’s revival making slow and steady progress – PwC

By: Simon Rees     3rd July 2014 Despite the economic supercycle having reached its bottom, the mining sector will continue to feel pressure from the difficulties experienced over 2013, PwC mining practice partner James Lusby recently told an audience at the Canada-South Africa Chamber of Business’s ‘Innovative Financing’... 

Top 40 miners’ profits at 10-year low – report 

By: Leandi Kolver     5th June 2014 Tough industry conditions over the past year have driven the profits of the top 40 global mining companies to their deepest depths in a decade, a report by professional services firm PwC has shown. According to PwC’s eleventh yearly ‘Mine’ report, titled ‘Realigning expectations’, which analysed... 

SA stocks up on solid Q1 mining results

By: Reuters     25th April 2014 South African stocks booked their highest close on record on Thursday as shares of Anglo American and its unit Kumba Iron-Ore rose on solid first-quarter production. "We are strong but we won't sustain these sort of levels. The resources are definitely shining and that's purely from the numbers... 

Company Annoucements:Growthpoint Properties announces R1,3 billion accretive acquisition

By: Creamer Media Reporter      2nd October 2013 Growthpoint Properties today announced it will acquire Abseq Properties (Pty) Ltd, which owns and manages a portfolio of 17 high-quality office properties in northern Johannesburg and Woodmead. Comprising a substantial 79,971sqm of predominantly A-grade offices, Growthpoint is acquiring the... 

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