Imports, supply glut pressure cement sector – Business Day
The domestic cement industry is facing tough conditions in the short term, with excess supply expected to keep margins under pressure. As a result, any further investments are likely to be channelled into upgrading dated and inefficient plants.
Amplats mines will mechanise – Business Report
Anglo American Platinum (Amplats) must mechanise its mines in the long term, Anglo American chief executive Mark Cutifani said yesterday.
Pick n Pay narrows gap with rivals – Business Report
Pick n Pay believes it is in a stronger position than a year ago, after opening 111 stores, cutting costs and getting closer to lower-income communities.
Woolworths aims for a place in the sun – Moneyweb
Investors were unnerved by Woolworths’ bold plans to acquire Australia’s oldest retailer David Jones, in the process creating the second largest department store in the southern hemisphere and one of the biggest retailers in the world.
Hope of growth for Nampak 'lies in rest of Africa' – Business Day
Global Credit Ratings this week noted the divergence between the performance of Nampak’s domestic and African businesses, saying the rest of the continent was clearly “jumping ahead”.
Insurance giants must first win at home – Finweek
Recently appointed Liberty Holdings CEO Thabo Dloti has to convince the investment community that the financial services group is still a force to be reckoned with in the insurance industry.
Netcare UK off the hook – Moneyweb
In an apparent about turn, the UK’s Competition Commission has found that Netcare’s UK operation BMI Healthcare will not have to sell any of its hospital facilities after all.
SA banks reap rewards of difficult African ventures – Business Day
Banks are starting to reap the rewards from their operations in the rest of Africa, with Standard Bank benefiting the most from its continental footprint. Collectively, the banks earned just under 10% of their total profit from the rest of Africa in their latest set of results.
Kagiso PMI drops by 1.4 index points in March – Engineering News
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) dropped by 1.4 index points to 50.3 in March, mainly driven by a decline in the new sales orders index, which dropped to its lowest level since 2006.
