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14 January 2019 2:13 PM Tongaat Hulett appoints new CEO to sweeten its prospects

Tongaat Hulett [JSE:TON] has announced that Gavin Hudson will serve as the sugar producer’s new chief executive officer and its newest executive director from the beginning of February. This comes during a period of considerable difficulty for the company, including a recent 12% dip in its share price in November and failure to meet key targets, which 486

04 January 2019 8:44 AM Rand extends gains against dollar, JSE positive

The rand extended gains against the dollar on Friday morning, firming by almost 1%. On Thursday the local currency reversed earlier losses to the end the day over 1% stronger against the greenback as the dollar weakened. The rand opened Friday at 14.29/$ and was trading at 14.16/$ at 10:17. This is its best level since mid-December 2018. Bianca Botes 110

18 December 2018 10:03 AM Naspers becomes largest firm to list on A2X exchange

Naspers [JSE:NPN] announced on Tuesday that its shares have been approved to trade on the local A2X stock exchange as a secondary listing with effect from December 27, 2018. The global media giant, which is the third largest company by market capitalisation on the Johannesburg Stock Exchnage, said its primary listing on the JSE would be unaffected 89

14 December 2018 4:59 PM Sibanye offers cash advance to workers hit by 'no work, no pay'

Sibanye-Stillwater [JSE:SGL] will be extending a special cash advance of up to 50% of basic pay to employees in its bargaining unit that require it, the company said in a statement. The company said it was offering this to mitigate the negative financial impact of the strike on its employees ahead of the Christmas holidays and the beginning of the school 88

12 December 2018 3:44 PM Artist Ayanda Mabulu arrested over 'blame it on the boers' painting

Controversial artist Ayanda Mabulu, 37, was arrested outside the Johannesburg Stock Exchange (JSE) on Wednesday, following a display of his artwork stating, "blame it on the boers". "I am here to represent and speak on behalf of the highly undermined black people who are constantly being robbed by white monopoly capital," he told News24 outside the JSE. "It's 63

07 December 2018 3:57 PM JSE holds on to gains as in tentative trading

The JSE rebounded on Friday following consecutive sessions of losses due to negative global sentiment. Global markets were relatively tentative ahead of the release of the all-important Non-Farm Payrolls data out of the USA which was pencilled for release at 15:30. The number came in worse than expected as the US economy managed to add 155 000 jobs versus 172

29 November 2018 8:22 PM Anglo CEO says investor confidence returns to South Africa

Anglo American [JSE:AGL] the company that grew to be South Africa’s biggest during apartheid, says it’s ready to invest in the country again. After years of legislative uncertainty, relations had soured to the point where Anglo’s chief executive officer wasn’t on speaking terms with the former mining minister after he made a critical speech. Things have improved 205

22 November 2018 10:19 AM Cell C turns to Blue Label, banks to refinance onerous debt

Cell C said it’s refinanced R1.4bn of debt on better terms with loans from its biggest shareholder and a consortium of banks as the South African wireless carrier considers a listing in 2020. South Africa’s third-largest operator is also in talks with vendors including Huawei for an additional facility of R1.4bn to fund capital expenditure, a company 86

21 November 2018 4:25 AM Companies urged to register cannabis trademarks as pot takes root

Global companies who plan to diversify or launch their cannabis products have been advised to identify their consumer base, create their brand and file a trademark ahead of the competition. "The opportunities to create new brands for cannabis-based products are endless, and so too should the requisite protection of intellectual property protection be in place 87

19 November 2018 6:27 PM Netcare to boost local infrastructure after UK exit

Private hospital group Netcare [JSE:NTC] says it has set aside R1.6bn on expansion projects in the country for 2019, with upgrades for Milpark Hospital and St Augustine's. Capital expenditure of approximately R600m would include the expansion of Milpark with 100 beds, which is due to be commissioned in 2020, while Durban's St. Augustine's Hospital will benefit 97