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Reuters

Ballmer keen to focus on Clippers

Steve Ballmer has left Microsoft’s board to spend more time on his newly acquired Los Angeles Clippers basketball team.

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Randgold Resources: Bristow says new mines hurt industry

Gold producers opening new mines are hurting efforts to revive industry returns following the metal’s price slump last year, the biggest in more than thre... Read Story

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Sub-Saharan Africa middle class booms

MIDDLE-CLASS households in 11 leading sub-Saharan African economies, excluding South Africa, are set to balloon to about 40 million by 2030, as the benefits of ... Read Story

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Postbank aims to compete with SA banks
August 15 2014 at 10:42

The South African Reserve Bank is considering an application by the state-owned Postbank to allow it to lend.

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‘Anglo’s targeted returns too ambitious’
August 15 2014 at 05:00

Anglo American might fall short of earnings targets because of accelerating inflation in its markets, an extensive capital spending plan and over-dependence on asset sales, brokerage Liberum Capital said yesterday.

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Quarterly profit shines at Harmony Gold
August 15 2014 at 04:51

Fourth-quarter profit at Harmony Gold more than doubled from the previous three months after output rose 7 percent, South Africa’s third-largest producer of the metal said yesterday.

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Coca-Cola buys stake in Monster
August 15 2014 at 06:28

Coca-Cola will pay $2.15 billion for a 16.7-percent stake in Monster Beverage.

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Alibaba unit finds possible accounting irregularities
August 15 2014 at 06:26

Alibaba Pictures Group Ltd said on Friday it had found possible accounting irregularities and asked for its Hong Kong-listed shares to be suspended until further notice.

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Northam seeks funds to acquire mines
August 15 2014 at 05:09

Northam Platinum wanted to snap up platinum assets in a shake-up of the country’s mining sector, the company said yesterday as it posted a full-year loss due to a protracted strike at its main operations.

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MTN Group: ‘IHS set to buy Nigerian towers soon’
August 15 2014 at 05:17

MTN Group, Africa’s largest cellular operator, is nearing a deal to sell its Nigerian base station network, valued at more than $1 billion (R10bn), to IHS Holding, according to three people with knowledge of the matt... Read Story
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Nampower: Eskom eyes 300MW from Kudu plant
August 15 2014 at 05:06

Namibia Power (NamPower) was in talks to sell as much as 300 megawatts of capacity from its planned Kudu gas-fired plant to Eskom, it said yesterday.

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M&R expects big profit rise despite R300m leaks plan
August 15 2014 at 04:57

MURRAY & Roberts (M&R) expects to report significantly higher annual earnings despite making a R300 million provision for its share of the potential costs to solve the Gautrain water ingress problem between Park an... Read Story
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Gecamines indicators flashing ‘red’
August 14 2014 at 22:03

DR Congo state-owned mining company Gecamines said key indicators were flashing “red” owing in large part to “serious management errors.”

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Items 71 - 80 of 124

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