Sugar producers: much more than sugar – Moneyweb
If Professor Tim Noakes had his way, people would stop consuming sugar in all of its different forms. Fortunately for sub-Saharan producers Tongaat Hulett and Illovo Sugar, and their roughly 75 000 employees, consumption of the sweet stuff continues to increase.
SABMiller upbeat on savings plan's success – Business Day
SABMiller will save about R5.2bn a year by 2018 through its programme to create a groupwide business services unit and a centralisation of various back office functions, the company said yesterday after the release of its full-year results.
Managers lift platinum mine stakes – Business Report
Coronation Fund Managers and Kagiso Asset Management are increasing their exposure to the platinum sector, despite the protracted labour strike that saw the JSE platinum index fall as much as 6.7 percent in the three months to March.
Coronation falls on growth warning – Business Day Live
Coronation Fund Managers’ share price fell 6.7% to close at R96 on Tuesday after it reported a 69% increase in earnings for its six months to March, again warning this level of growth was unsustainable.
Richemont prefers own shares to new acquisitions – Business Day Live
Richemont, the Swiss luxury goods group old controlled by the Rupert family, has declared its preference for re-investing in existing businesses and continuing its share buy-back programme rather than using its huge cash pile for acquisitions.
Alternative investments for pension funds – Business Report
In this feature on alternative investments for pension funds, Jihad Jhaveri gives his view on how to assess the attractiveness of commodity investments at this time and what the pros and cons are of investing in commodities such as gold and platinum directly, as opposed to the shares of commodity producers.
ArcelorMittal SA bounces back – Business Day
South Africa’s premier steel maker, ArcelorMittal SA, saw headline earnings back in the black in the first quarter of the year, mainly on increased sales and rising production as it bounced back from a fire at its main Vanderbijlpark facility early last year.
