R/€ = 16.45 Change: 0.14
R/$ = 14.34 Change: 0.06
Au 1222.25 $/oz Change: -4.43
Pt 822.50 $/oz Change: -9.25


Lionsgold apologises as shares head for cancellation

By: Mariaan Webb     19th October 2018 Gold exploration, production and retail firm Lionsgold CEO Cameron Parry on Friday offered an apology to shareholders as the company announced that trading on the Aim would be cancelled on November 12. Lionsgold, which is developing a gold currency and banking platform, was suspended from... 

Mall of the West to Kickstart new Ntshongweni Urban Development

By: Creamer Media Reporter      19th October 2018 The first phase of the catalytic Ntshongweni Urban Development region will be an 85 000 square metre regional retail experience. Aptly named the Mall of the West, the new retail offering will cater to Durban’s underserviced western suburbs and surrounding areas and kickstart the Ntshongweni Urban... 

Customer analysis expected to sharpen business performance

By: Schalk Burger     12th October 2018 More detailed insight into daily business transactions, generated by deeper analysis of their characteristics, will help businesses to lower the costs of doing business, serve key segments better and seize transient opportunities, says customer behaviour prediction firm Xineoh founder and CEO... 

Fourth Industrial Revolution Upon Us

1st October 2018 We are living in a connected society where most people have access to smart mobile devices. Having quick access to information has become an extension of our existence. We have begun to see internet access, among other things, becoming cheaper and far more accessible than ever before. Technology... 

Quality Inspection for the Food and Beverage packaging lines

By: Creamer Media Reporter      20th September 2018 Quality inspection is critical in all manufacturing and packaging lines, especially in the Food and Beverage sector. Being able to catch a defective product before the products are shipped to customers in retail can bring significant savings in both time and money, preventing expensive product... 

JSE looks to tighten listing rules

By: Reuters     19th September 2018 The Johannesburg Stock Exchange (JSE) wants to increase the minimum capital amount required for a primary listing and is considering stricter rules on secondary listings as it seeks to improve corporate governance. Africa's biggest securities exchange published its proposals in a public... 

Retailers should focus on low-hanging fruit to attract shoppers

19th September 2018 With competition for a share of consumers’ wallets becoming ever fiercer, retailers and retail property owners are going all out to attract shoppers. This has become crucial to their survival in an environment where consumer confidence and spending are hampered by a lacklustre economy. “Retail... 

Standard Bank PMI falls to 29-month low in August

By: Marleny Arnoldi     5th September 2018 Operating conditions in South Africa’s private sector economy deteriorated for the second straight month in August, as business activity and input purchasing decreased in line with an accelerated drop in new orders, says Standard Bank in its Purchasing Managers’ Index (PMI) for August.... 

Diamond sector must do more to tackle transparency challenge – rights groups

By: Anine Kilian     31st August 2018 The diamond industry continues to be tainted by links between diamonds and human rights abuses, conflict finance and corruption. This is according to Global Witness conflict resources campaign leader Michael Gibb, who notes that, although the diamond industry is not the only sector facing these... 

Gemgrow expands its retail property portfolio through R728m investment

By: Marleny Arnoldi     27th August 2018 Real estate investment trust Gemgrow has acquired an effective economic interest of 95% in Moolgem, for about R628-million, yielding 11.48%. The Moolgem portfolio comprises 85% retail, and has 26 properties in the Limpopo region, including retail centres Jane Furse Crossing and Game Centre.  

Stacking up the benefits! Maxiflex introduces the new Stackdoor® security grille

24th August 2018 Maxiflex is proud to introduce Stackdoor®, a completely unique and innovative certified security door solution that combines robustness, high safety specifications, efficiency and optimum security in a neat, compact and flexible package. Manufactured in The Netherlands, Stackdoor’s... 

Stacking up the benefits! Maxiflex introduces the new Stackdoor® security grille

24th August 2018 Maxiflex is proud to introduce Stackdoor®, a completely unique and innovative certified security door solution that combines robustness, high safety specifications, efficiency and optimum security in a neat, compact and flexible package. Manufactured in The Netherlands, Stackdoor’s... 

Electromobility the future of transport infrastructure

By: Paige Müller     24th August 2018 On the back of introducing its all-electric Volvo FL and FE trucks, global manufacturing company Volvo Trucks aims to be the leading sustainable transport solutions provider globally. Sales and series production of the new Volvo FL and FE trucks – designed for urban distribution and refuse... 

ARB acquires Radiant Group

By: Natasha Odendaal     15th August 2018 JSE-listed ARB Holdings and its subsidiary Eurolux have taken the next step towards acquiring 100% of the total issued share capital of Radiant Group from South Ocean Holdings. The parties on Wednesday announced the signing of the definitive agreements, which outlined that the purchase price for... 

David Price steps down from Lionsgold board

By: Creamer Media Reporter      13th July 2018 London-listed gold exploration, production and retail firm Lionsgold has appointed a new interim chairperson, following the resignation of David Price as nonexecutive chairperson with immediate effect to focus on his CEO role at Aim-listed Rockfire Resources. Corporate lawyer Michael Corcoran,... 

Event seeks sustainability for Africa’s electricity supply industry

By: Tasneem Bulbulia     13th July 2018 This year’s POWER-GEN & DistribuTECH Africa (PGDA) event will focus on all areas of the electricity supply industry, in line with the goal to take a holistic approach and engender sustainability across the industry, PGDA consistent advisory board chairperson Dr Willie De Beer tells Engineering... 

Smart marketing for discerning shoppers

By: Creamer Media Reporter      10th July 2018 Consumers are complex. Understanding your target market is one thing, but attracting their attention is quite another – particularly as traditional methods of advertising and marketing alone are no longer driving sales. Women are smart 

Standard Bank PMI signals overall business improvement in South African private sector  

By: Marleny Arnoldi     4th July 2018 The Standard Bank Purchasing Managers’ Index (PMI) indicates that business conditions in the private sector improved in June, signalling an improvement in the health of the sector, following stagnation in May.  

Ellies announces new CEO

By: Creamer Media Reporter      28th June 2018 JSE-listed Ellies on Thursday announced the appointment of Shaun Prithivirajh as CEO, effective August 1. He succeeds Wayne Samson, who resigned in November 2017 and, in February, left the company in the hands of executive chairperson Elliot Salkow and CFO Adrian Bock while the appointment of a... 

Huawei Launches the Industry-Oriented Intent-Driven Network Solution

19th June 2018 Accelerating Digital Transformation of Industries and Maximizing Business Value Huawei launched its Industry-Oriented Intent-Driven Network (IDN) Solution at CEBIT 2018, held in Hannover, Germany. By building intelligent, simplified, ultra-broadband, open, and secure intent-driven networks, this... 

Food producer Libstar bets on yoghurt to boost market share

By: Reuters     14th June 2018 South Africa's Libstar Holdings is launching a new range of yoghurt in a bid to gain market share from French group Danone and local leader Clover Industries in the country's competitive dairy sector. The new yoghurt ranges and shakes, traded by Libstar unit Lancewood will be launched by July, CE... 

Menlyn Park Shopping Centre Goes Green

11th June 2018 SA’s largest retail shopping centre awarded a star c for the second time The newly completed and largest retails shopping centre in South Africa’s, Menlyn Park Shopping Centre, part of the Pareto Group, has been awarded a 4 -star Green Star Retail Design rating by the Green Building Council of... 

Demand rising for funding for grid-tied renewables

By: Schalk Burger     8th June 2018 Financing to build renewable-energy systems for use by businesses in South Africa is growing, with many projects showing good financial viability and return on investment, says financial institution Absa renewable-energy head Justin Schmidt. The return on investment for well-designed energy... 

EPSON South Africa Appoints Intellistor As Sole Distributor Of Its Labelworks Range

29th May 2018 Epson, the global innovators in printing and visual technologies, has announced that Intellistor will be the sole and official distributor for its LabelWorks range of label printers and consumables. Based in Midrand Johannesburg, Intellistor is a value-added importer and distributor of... 

Signet joins De Beers' Tracr blockchain platform pilot

By: Anine Kilian     24th May 2018 Signet Jewelers will become the first retailer to join De Beers Group's end-to-end diamond blockchain pilot programme, known as Tracr. Tracr aims to complete the first digital link all the way from diamond production through to retail. 

‘Movement’ key to economic growth – report

By: Anine Kilian     23rd May 2018 Investing in transport, logistics and infrastructure to improve the movement of goods is a key driver of economic growth, the ‘Avis Van Rental Movement Report 2018’ reveals. Unpacking key report findings at the launch in Midrand, on Tuesday, Avis Movement Southern Africa commercial vehicles... 

Kaap Agri sees positive H1 results despite drought

By: Anine Kilian     7th May 2018 JSE-listed Kaap Agri has reported improved interim financial results as its ongoing retail and fuel diversification strategy has helped to lessen the impact of the Western Cape’s drought on the agricultural sector. The company increased revenue by 5.4% to R3.4-billion in the six months ended... 

Auto exports earned South Africa R165bn in 2017

By: Irma Venter     4th May 2018 Total earnings from South African automotive exports reached R164.9-billion in 2017, comprising 13.9% of South Africa’s total export earnings. This number is down from the record R171.1-billion achieved in 2016, at 15.6% of total export earnings. Total automotive revenue in the South African... 

Rad Jankovic

4th May 2018 This week we feature Rad Jankovic, CEO Otel, a provider of information and communication technology solutions and services   

Wiese sues Steinhoff for $5bn

By: Reuters     26th April 2018 South African businessman Christo Wiese has launched a $5-billion lawsuit against crisis-hit Steinhoff, a retail company in which he was a board member and biggest shareholder until earlier this year, his company Titan Group said. Wiese resigned as chairperson in December last year, days after... 

Tower Property’s refurbished, renamed Cape Quarter Plaza set to launch end-April

By: Simone Liedtke     23rd April 2018 The refurbishment of the Cape Quarter Plaza, which will be renamed the Old Cape Quarter upon completion, will be launched by Tower Property Fund’s subsidiary Cape Quarter company at the end of April. The Cape Quarter precinct is situated in De Waterkant, in Cape Town, and is a highly desirable... 

Gensource offtake MoUs signal supply malaise in N American potash market

By: Henry Lazenby     14th April 2018 The fact that junior Canadian start-up Gensource Potash has been able to secure two memoranda of understanding (MoUs) from separate US offtake partners that support the establishment of a new and independent supply of potash, speaks to a certain malaise in the continent’s crop nutrient market.... 

Flooring company takes over linoleum activities

13th April 2018 Production and distribution of flooring, wallcovering and finishes global leader Gerflor entered into a binding agreement to acquire floor coverings manufacturer DLW Flooring’s linoleum activities. Consummation of the transaction is subject to customary regulatory approvals and was expected to... 

Tangible results needed to maintain business confidence momentum – Sacci

By: Simone Liedtke     5th April 2018 Although an improved business mood is still present, it has to be augmented by an improvement in the real economy and further focus on better financial conditions, the South African Chamber of Commerce and Industry (Sacci) said on Thursday, releasing the results of its latest business confidence... 

Dipula’s R1.25bn acquisition progresses

By: Marleny Arnoldi     23rd March 2018 JSE-listed diversified real estate investment trust Dipula Income Fund on Friday provided further details of its R1.25-billion property portfolio acquisition that was initially announced in November.  

Minister seeks better monitoring of local procurement compliance

By: Marleny Arnoldi     15th March 2018 South Africa has seen a slippage in State entities’ compliance with local procurement regulations, which the Department of Trade and Industry (DTI) seeks to rectify by introducing a tougher consequence management system. Trade and IndustryMinister Dr Rob Davies said on Thursday that corruption... 

First global bond ETF listed on the JSE

By: Marleny Arnoldi     13th March 2018 The Ashburton World Government Bond Exchange Traded Fund (ETF) listed on the JSE on Tuesday, becoming the exchange’s first global bond ETF.  

EPP achieves distributable earnings of €76.6m in FY17

By: Marleny Arnoldi     8th March 2018 JSE- and Luxembourg Stock Exchange-listed retail-focused Netherlands-based property company Echo Polska Properties (EPP) posted distributable earnings of €76.6-million for the year ended December 31, translating into distributions of €0.11 a share.  

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