Business News 9.3.2018 08:11 am

Standard Bank ups ROE target range

Bank’s earnings growth outpaces that of competitors.

Standard Bank appears to be giving shareholders a reason to cheer by increasing its return on equity (ROE) target range while delivering earnings growth well above of its rivals.

Standard Bank ups ROE target range
Standard Bank ups ROE target range

Standard Bank ups ROE target range

Bank’s earnings growth outpaces that of competitors.

Government pulls renewables lever for economic growth
Business News

Government pulls renewables lever for economic growth

Eskom confirms it will sign power purchase agreements on Tuesday.
What happens to listeria-linked waste?
Business News

What happens to listeria-linked waste?

The department of environmental affairs has appointed companies to handle listeria-linked waste products.
Sanlam’s $1 billion deal is largest African insurance transaction
Business News

Sanlam’s $1 billion deal is largest African insurance transaction

Hefty price tag won’t affect future dividend pay-outs, says insurer.
Sars special voluntary disclosure programme reaches R3.3bn mark
Business News

Sars special voluntary disclosure programme reaches R3.3bn mark

Sars said noncompliant taxpayers had already paid more than R2.7bn and that it expected another R580m by the end of March.
MTN returns to profit with increased earnings for FY2017
Business News

MTN returns to profit with increased earnings for FY2017

This was a significant improvement compared to a 77 cents headline loss per share in 2016 when performance was impacted by a Nigerian regulatory fine of 500 cents.
Slaying investment myths with market reality
Business News

Slaying investment myths with market reality

Dr Adrian Saville, CEO at Cannon Asset Managers, puts six issues under the spotlight.
SA’s most spectacular case of corporate capture
Business News

SA’s most spectacular case of corporate capture

Chairman Connie Myburgh and CEO Dominique Haese take full voting control of the Nova Property Group.
Banks can contribute to land expropriation debate: FirstRand
Business News

Banks can contribute to land expropriation debate: FirstRand

Banking group shows resilience amid tough trading conditions.
170 billion reasons why the state would want to capture the Sarb
Business News

170 billion reasons why the state would want to capture the Sarb

The South African Reserve Bank is a treasure house for spendthrift ministers and will likely remain a target.
Gauteng govt cuts non-core expenditure by 10% to raise R415m
Business News

Gauteng govt cuts non-core expenditure by 10% to raise R415m

This includes Rand West Municipality, which has achieved an unqualified audit as a consolidated municipality for the first time.
SA’s economy grows 3.1 percent in fourth quarter of 2017 – stats agency
Business News

SA’s economy grows 3.1 percent in fourth quarter of 2017 – stats agency

The largest positive contributor to growth in GDP in the fourth quarter was the agriculture, forestry and fishing industry.
FNB hikes six months’ profit by 11% and customer numbers to 7.8 million
Business News

FNB hikes six months’ profit by 11% and customer numbers to 7.8 million

The bank’s retail businesses experienced excellent contributions from its client franchises; credit card, residential mortgages and the transaction franchise all showing strong double digit growth.
Transfers of tax-free savings accounts take effect
Business News

Transfers of tax-free savings accounts take effect

Has to be done directly between service providers not to affect annual, lifetime limits.
Capitec increases app fees for first time since 2014
Business News

Capitec increases app fees for first time since 2014

Steep increases made elsewhere to change customer behaviour.
Steinhoff, Resilient, bitcoin…
Business News

Steinhoff, Resilient, bitcoin…

What you don’t invest in is as important as what you do.
Porritt acts just like Zuma, court finds
Business News

Porritt acts just like Zuma, court finds

Tigon accused gets leave to appeal withdrawal of bail.
CPS sees R420m losses under extended Sassa contract
Business News

CPS sees R420m losses under extended Sassa contract

That’s if the National Treasury doesn’t accede to its request to be paid more for distributing social grants for another six months.
Sugar tax may be first of several ‘health promotion’ measures
Business News

Sugar tax may be first of several ‘health promotion’ measures

New tax comes into effect next month and is expected to generate around R2 billion in revenue.
Absa’s transactional banking business going nowhere slowly
Business News

Absa’s transactional banking business going nowhere slowly

Bank silent on customer numbers, which have been in decline…
Treasury convinced VAT hike the best course of action
Business News

Treasury convinced VAT hike the best course of action

Sorting out fiscal situation could help poor in the long run.
How to object to shock Joburg property valuations
Business News

How to object to shock Joburg property valuations

Onus is on you to prove that your house is worth less than estimated.
Court dismisses Caxton challenge to massive print contract
Business News

Court dismisses Caxton challenge to massive print contract

Novus consortium to continue printing school workbooks.

 

03

 

 

 

 

today in print