De Beers marks production record 2006-02-09 14:51:01
The world's largest diamond producer produced a record number of carats for 2005, on the back of solid consumer demand.
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 Diamond prices steady in first sale of year
De Beers to build third Canadian mine
Almost 700 to lose jobs at historic De Beers mine
De Beers proposes amendments to Diamonds Bill
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Investec to help Batsomi fulfill BEE ambitions 2006-02-09 10:23:01
Investec Private Bank says it has formed a strategic partnership with Batsomi, which could culminate in the investment company's listing on the JSE.
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Batsomi buys into medical firm Lifeworks
Batsomi, management buy Fury shares
Batsomi in no rush to list, says chairman
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Digicore expects stronger earnings 2006-02-09 09:25:01
The fleet management systems company says there is a good chance earnings will beat those for the previous comparable period by between 30 to 40 percent.
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Digicore on the prowl for BEE ally
Digicore's growth brings record profit
Digicore positions to enter the US market
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Swedish fund to dump Skandia 2006-02-09 06:00:01
A state pension fund that had opposed Old Mutual's bid for Skandia said yesterday that it would sell its stake in the Swedish savings group and that it had no faith in the new owner.
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Faritec acquires Enterprise for R54m 2006-02-09 06:00:01
Faritec had acquired the entire business of Enterprise Connection for R54 million, it said yesterday. Enterprise Connection, which was the corporate arm of retail company Connection Group, specialises in technology solutions and services.
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TalkTalk to open call centres 2006-02-09 06:00:01
A British telecommunications group said yesterday it planned to invest R200 million in two call centres in South Africa. TalkTalk said it would set up call centres in Cape Town and Johannesburg, creating 500 jobs.
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Store upgrades keep Italtile sales strong 2006-02-09 06:00:01
Tiling and bathware retailer Italtile said it had achieved strong six-month sales and profit growth off a similar store base through extensive investment in store upgrades.
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Nampak again under fire for governance structures 2006-02-09 06:00:01
The multiple roles played by Nampak chairman Trevor Evans as well as his lack of independence had been queried by the JSE, shareholders at yesterday's Nampak annual general meeting were told.
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Cadbury buys chewing gum maker 2006-02-09 04:00:01
Cadbury Schweppes had bought Botswana-based chewing gum company Dan Products for £33 million (R352 million), the world's largest confectionery company said yesterday as it announced plans to sell its South African soft drinks business, which makes Oros.
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SABMiller and Chinese retailer buy a brewery 2006-02-09 06:00:01
China Resources Enterprise, a government-backed retailer, said yesterday it acquired 85 percent of Quanzhou Qingyuan Brewery with beer brewer SABMiller for 72 million yuan (R55 million).
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PSG finalises sale of Channel Life stake 2006-02-08 13:43:01
PSG Group has concluded the sale of a 50 percent stake in the niche life assurer to Sanlam Life for a total of R116.5 million.
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PSG buys insurer Multinet for R180m
PSG bides time on Naspers bid
Sanlam buys half of Channel Life
PSG's Channel Life targets 2007 listing
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Anglo boosts procurement to R8.2bn 2006-02-08 06:00:01
Anglo American South Africa, the country's largest mining company, spent R8.2 billion on procuring goods and services from black-empowered companies last year, Lazarus Zim, Anglo's chief executive, said yesterday.
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Trade-weighted rand only slightly expensive, says Glynos 2006-02-08 06:00:01
The trade-weighted rand has strengthened by almost 2.5 percent in the year to date, making South African exports less attractive to its trading partners.
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Pension death benefits 'need serious review' 2006-02-08 06:00:01
Dependants of deceased low-income retirement fund members would benefit significantly if there was an upward review of the current tax-free payout they would receive in this year's fiscal budget.
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Afrox gives little away on impact of Linde's bid for its parent 2006-02-08 06:00:01
Gas company African Oxygen (Afrox) is keeping its cards close to its chest about the potential impact of an unsolicited £7.6 billion (R81 billion) offer for its parent company, British gas group BOC, by German rival Linde.
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Credit system pays off for Lewis 2006-02-08 06:00:01
Furniture and electrical appliance retailer Lewis Group was continuing to reap the benefits from its "pioneering" investment in a credit checking system back in 1998, Alan Smart, the chief executive, said yesterday.
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Empowerment firm seeks waiver of GijimaAST offer 2006-02-08 06:00:01
Guma Investment Holdings, formerly known as Gijima Info Technologies Afrika, has increased its stake in listed GijimaAST to 36.61 percent but it is seeking permission for a mandatory offer to minority shareholders to be waived.
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Alcan, Eskom to agree on power tariffs 2006-02-08 06:00:01
Aluminium producer Alcan would agree on power tariffs for a proposed $2.7 billion (R16.5 billion) smelter within two months, the Industrial Development Corporation (IDC) said yesterday.
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Mali mine, gold price boosts Randgold 2006-02-07 12:46:01
Randgold Resources has more than doubled its earnings and says it has planned a 'busy exploration programme' for the year.
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Randgold's fourth-quarter profit down
Kebble's death will not delay Randgold audit
Randgold's Loulo mine in Mali delivers its first gold
Randgold to raise funds in US and UK
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ARM expects to cash in on platinum price 2006-02-07 06:00:01
African Rainbow Minerals (ARM), South Africa's biggest black-owned mining group, expected higher headline earnings a share for the six months to December, due mainly to a higher platinum price, the company said yesterday.
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Basil Read hires foreign staff 2006-02-07 06:00:01
Construction group Basil Read said yesterday that it had started hiring foreign workers to make up for a lack of local skills as the government prepared to spend R400 billion upgrading infrastructure.
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Telkom set to meet SNO on connection fee 2006-02-07 06:00:01
Fixed-line operator Telkom would meet its future competitor, the second national operator (SNO), in the next "few weeks" to discuss interconnection fees, Telkom chief executive Papi Molotsane has said.
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Aspen eyes foreign markets 2006-02-07 06:00:01
Aspen Pharmacare, the country's largest generic manufacturer, has turned its eye towards international markets including the US and the UK as a source of revenue.
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Ranbaxy tests the African waters 2006-02-07 06:00:01
Indian pharmaceutical maker Ranbaxy is testing temperatures in the South African antiretroviral (ARV) market through a joint venture with Community Investment Holdings (CIH) after its failed venture with Adcock Ingram, the pharmaceutical arm of Tiger Brands.
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Harmony plans R2.75bn expansion 2006-02-07 06:00:01
Harmony Gold Mining, Africa's third-largest producer, will spend R2.75 billion expanding four mines in South Africa and digging a new pit in Papua New Guinea.
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Petmin predicts jump in earnings 2006-02-06 10:56:01
The junior miner says the addition of earnings from other operations should provide a major boost to headline earnings per share.
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Petmin to acquire Springlake Holdings
Petmin delivers on promises
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Arcelor aims high after deals with China 2006-02-06 00:15:01
The European steelmaker Arcelor will become a giant producing 100 million tons annually in five years, thanks in part to deals with China, according to senior executives.
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Media mogul Murdoch plans new business channel 2006-02-06 00:15:01
News Corporation chairman Rupert Murdoch says that his new business news cable television channel will be up and running by the end of the year.
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