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  • BlackBerry extends deadline for investors

    16 December 2013 9:21 AM 22

    BlackBerry has announced the extension of the deadline for investors to purchase up to an additional US$250 million of convertible debentures in the Canadian mobile manufacturer until January 13. HumanIPO reported last month BlackBerry had cancelled plans to sell itself to its majority shareholder Fairfax Financial Holdings, but would instead raise US$1 billion

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    16 December 2013 5:18 AM 33

    Local Authority Pensions Fund (LAPF) has emerged the overall winner of National Board of Accountants and Auditors (NBAA) Best Financial Statement Award. The Director of the Finance for the fund, John Kida, receiving the award on behalf of the Director General, said it recognised LAPF as the best fund in the country. The Director of Finance however said the fund has always

  • Investigator hired by DBN businessman quits

    15 December 2013 3:15 PM 32

    December 15 2013 at 05:07pm By JEFF WICKS A private investigator appointed by Durban businessman Thoshan Panday to probe the alleged theft of his R2.5 million Ferrari by a former friend has withdrawn his services, citing a disreputable relationship between the two. Panday had enlisted the services of Chad Thomas of IRS Investigations to investigate the alleged

  • Playmobil's smiling little toy people turn 40

    15 December 2013 11:28 AM 36

    Deep in the Bavarian countryside lies the home of German toymaker Playmobil, the centre of a universe of little plastic people who turn 40 next year but haven't aged a bit. The nondescript building in Zirndorf is the birthplace of Playmobil's 7.5-centimetre (three-inch) figurines with their signature round heads and smiling faces as simple as a child's

  • South Africa's PIC rejects sweetened bid for Adcock

    15 December 2013 9:13 AM 26

    JOHANNESBURG (Reuters) - South African state-owned pension fund Public Investment Corporation (PIC) on Sunday rejected a sweetened $1.2 billion cash and stock offer for drugmaker Adcock Ingram (AIPJ.J) from a Chilean suitor, saying it wanted cash. Santiago-based CFR Pharmaceuticals on Friday slightly increased its bid for Adcock in an attempt to woo the PIC, Adcock's

  • Unbundling fight goes down to the wire

    15 December 2013 6:14 AM 31

    The scene is set for a bruising showdown between Telkom and regulator Icasa over local-loop unbundling. By Duncan McLeod. The scene is set for a bruising showdown between Telkom and its regulator, the Independent Communications Authority of South Africa (Icasa), over local-loop unbundling. This is after the authority this week said it would disregard

  • Yaoure gold project inferred resource increased by 2.2Moz

    14 December 2013 10:46 AM 43

    JOHANNESBURG (miningweekly.com) – Aim-listed West Africa-focused gold mining company Amara Mining on Friday announced a 2.2-million-ounce increase in the inferred resource at its 100%-owned Yaoure gold project, in Côte d'Ivoire, bringing the project’s resource to 5.5-million ounces. The project’s indicated mineral resource was also updated to 800 000 oz, representing

  • Rand makes recovery against the dollar

    13 December 2013 3:53 PM 38

    The rand staged a recovery against the dollar on Friday afternoon as views on a tapering decision at next week’s Fed meeting moderated. Expectations of the start in the tapering of monetary stimulus in the US and the phasing out of its accommodative monetary policy stance led to rand weakness on Thursday. Analysts said it was not a given that tapering

  • Weaker metal prices see miners retreat

    13 December 2013 3:17 PM 23

    The JSE remained in positive territory through to midday on Friday‚ but mining shares retraced their earlier gains due to weaker metal prices. At 12.41pm‚ the all share index was up 0.53% with the blue-chip top 40 index adding 0.65%. Sasfin Securities portfolio manager Nicholas Sorour said that at about 10am on Friday‚ the rand price of gold had fallen

  • Sekunjalo drops charges - Crime & Courts

    13 December 2013 12:13 PM 36

    Johannesburg - Sekunjalo Investments has announced that it will drop various charges against journalists at the Sunday Times and Cape Times. Instead the company will pursue matters with the Press Ombudsman. In a statement on Friday Sekunjalo, which owns Independent Newspapers including IOL and the Cape Times, said it had withdrawn the criminal charges