Asset magazines
issue91
Asset News Hub
2021-04-22 22:01:00.0
All proposals will be considered at Friday’s public sector wage negotiations
On Friday public sector unions and the government will once again meet at the Public Service Coordinating Bargaining Council (PSCBC) where both parties will negotiate over contentious salary increases...
Asset News Hub
2021-04-22 22:01:00.0
Alcohol-free beverages boom
Non-alcoholic beverages – including beer, wine, and gin – have grown in popularity following the three Covid-19 booze bans over the past year. South Africans were hesitant to switch out alcoholic beve...
Asset News Hub
2021-04-22 22:01:00.0
Delta confirms R1.8bn portfolio devaluation in restated 2020 results
Delta Property Fund published its restated set of financial results for the year ended February 29, 2020, after the market closed on the JSE on Thursday, confirming the devaluation of its portfolio by...
Asset News Hub
2021-04-22 20:03:00.0
WATCH | Nestlé posts strongest quarter in a decade
Nestle on Thursday posted its strongest quarterly sales growth in 10 years, citing stronger demand for coffee, dairy and petcare products. Ciara Lee reports. In times of uncertainty you need journali...
Asset News Hub
2021-04-22 20:01:00.0
Ericsson boosts profits on 5G rollout
Swedish telecoms equipment maker Ericsson on Wednesday said that the global rollout of 5G mobile networks helped boost its first quarter profits, although an ongoing contract dispute with Samsung hit ...
Asset News Hub
2021-04-22 19:16:00.0
Huge Group ordered to pull videos aimed at getting Adapt IT shareholders to accept its bid
The Takeover Regulation Panel has asked Huge Group to remove two videos from its website relating to the Adapt IT acquisition. Huge made an offer to purchase Adapt IT for R800 million through a share ...
Asset News Hub
2021-04-22 19:12:00.0
Unathi Kamlana appointed as Commissioner of FSCA
The incoming commissioner believes the top priority will be to provide stability to the organisation, with clarity of strategy and focus. NOMPU SIZIBA: The Minister of Finance, Tito Mboweni, has appoi...
Asset News Hub
2021-04-22 18:45:00.0
Nigeria senate approves govt's $2.7 billion loan requests
Nigeria's senate has approved President Muhammadu Buhari's plan to borrow $2.7 billion from international institutions for infrastructure projects to help an economy hammered by an oil slump and the C...
Asset News Hub
2021-04-22 18:28:00.0
Save our jobs, plead 'desperate' EOH employees who provide 'essential services' to City of Joburg
A group of EOH employees stationed at the City of Johannesburg for several years have written to the company's board and executive team pleading for their jobs to be saved. They are in the final week ...
WATCH | EU may sue AstraZeneca over vaccine supplies
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Jo...
Asset News Hub
2021-04-22 17:17:00.0
TikTok faces UK lawsuit over alleged kids' data breach
TikTok was hit with a legal claim in Britain accusing the video-sharing app of illegally collecting personal data from millions of children in Europe. The claim "alleges that TikTok and ByteDance have...
Asset News Hub
2021-04-22 16:42:00.0
JUST IN: Mango to be temporarily mothballed due to lack of funds
Low-cost airline Mango is set stop operating for a few months, according to internal communication seen by Fin24. The document states that the executives and board of Mango, as well as the interim boa...
Asset News Hub
2021-04-22 16:21:00.0
Instagram lets users filter insults in private message requests
Instagram started offering users the option to filter incoming direct message requests for hurtful language, a step aimed at showing the social network is serious about reducing online harassment. Wit...
Asset News Hub
2021-04-22 16:17:00.0
Aluminum commands record premium in US amid economic recovery
The premium buyers pay to have aluminum shipped to the US Midwest touched a record high, surpassing the level reached six years ago when banks and trading houses famously joined in “merry-go-round dea...
Asset News Hub
2021-04-22 16:09:00.0
Sri Lanka expels ship carrying nuclear material for China
Sri Lankan authorities expelled an Antigua-registered ship that entered the island's territory without declaring a radioactive cargo bound for China. The ship had come from Rotterdam, but authorities ...
Asset News Hub
2021-04-22 16:07:00.0
Engen to convert oldest SA refinery to import terminal
Capable of importing cleaner fuels after suffering annual losses for much of the last decade. The Engen oil refinery in South Africa, the country’s oldest, will be converted into a into a terminal cap...
Asset News Hub
2021-04-22 15:38:00.0
Glencore chair defends pay plan for commodity trader’s new CEO
Glencore Plc’s chairman defended an incentive plan for the commodity giant’s new chief executive officer, after prominent advisory firms urged investors to vote against it. Gary Nagle, the handpicked ...
Asset News Hub
2021-04-22 15:30:00.0
Ex-Deloitte auditor faces disciplinary action over Steinhoff
An ex-Deloitte LLP partner is facing disciplinary action in the Netherlands for an improper audit of Steinhoff International Holdings NV prior to the South African retailer’s near collapse more than t...
Asset News Hub
2021-04-22 14:14:00.0
Ramaphosa: SA's carbon emissions will decline 10 years early
President Cyril Ramaphosa was one of 40 world leaders participating in US President Joe Biden's Summit on Climate Change. SA - which tops all other G20 countries in terms of reliance on coal for elect...
Asset News Hub
2021-04-22 14:14:00.0
FlySafair affected by 'major technical event' that crashed booking systems worldwide
A major international airline reservation system called Radixx International has suffered what they are terming a "major technical event" which has brought down the booking systems of several airlines...
Asset News Hub
2021-04-22 13:00:00.0
Safe deposit boxes and mystery trips: Anoj Singh in the Zondo Commission hot seat
Former Transnet CFO Anoj Singh had to answer questions at the state capture inquiry on Thursday about his daily movement when he was with the parastatal. This included frequent visits to a safe deposi...
Asset News Hub
2021-04-22 12:22:00.0
SA set to use J&J shots
South Africa plans to begin issuing Johnson & Johnson’s coronavirus vaccine to the general public next month after settling a contractual dispute with the U.S. drugmaker. The outstanding matters relat...
Asset News Hub
2021-04-22 11:19:00.0
Prosus, Tencent invest $80 million in European online broker BUX
Prosus and Tencent are investing in European online-trading group BUX, giving the internet giants a greater foothold in the fast-growing sector. The Dutch e-commerce group and Chinese developer of the...
Asset News Hub
2021-04-22 11:02:00.0
Reserve Bank's Unathi Kamlana named commissioner of financial sector regulator
Top Reserve Bank official Unathi Kamlana has been named the new commissioner of market regulator the Financial Sector Conduct Authority (FSCA). Finance Minister Tito Mboweni made the announcement on T...
Asset News Hub
2021-04-22 10:18:00.0
Clicks earnings up as consumers turn towards vitamins and supplements
Pharmacy company Clicks said group turnover increased by 7.6% to R18.1 billion in its latest results, while retail health and beauty sales grew by 7.2%, as consumers focused on wellness and immune boo...
Asset News Hub
2021-04-22 10:11:00.0
Hong Kong shares finish higher
Hong Kong stocks ended higher on Thursday after Wall Street recovered from a two-day slump. The Hang Seng Index was up 0.47%, or 133.42 points, at 28 755.34. The benchmark Shanghai Composite Index fel...
Asset News Hub
2021-04-22 10:03:43.715
Investec Property Fund issues REIT sector’s first sustainability-linked bond
Investec Property Fund has become the first South African REIT to issue a sustainability-linked bond, reflecting the company’s commitment to environment, social, and governance (ESG) principles. The t...
Asset News Hub
2021-04-22 09:46:00.0
European equities climb at open
European stock markets advanced at the start of trading on Thursday, as investors drew strength from rebounding shares in Asia and on Wall Street. London's benchmark FTSE 100 index added 0.3% to 6 912...
Asset News Hub
2021-04-22 09:44:00.0
Tokyo's Nikkei closes up over 2.3%
Tokyo shares opened higher following US rallies after a two-day retreat sparked partly by valuation fears. The Nikkei 225 index jumped 2.38% to 29 188.17, while the broader Topix index advanced 1.82%....
Asset News Hub
2021-04-22 09:30:00.0
Court dismisses bid by ex-Eskom manager Hlakudi to have tax fraud charges dropped
Former Eskom senior manager Frans Hlakudi has failed in his bid to have the tax fraud charges he is facing dropped. On Thursday, Magistrate Adriaan Bekker in the Pretoria Regional Court dismissed Hlak...
Asset News Hub
2021-04-22 09:26:00.0
Asia markets rebound after Wall Street rally
Asia markets clawed back the week's losses on Thursday after Wall Street broke a two-day dip overnight that had been sparked by Covid-19 jitters and valuation fears. Investors took the New York drop a...
Asset News Hub
2021-04-22 08:49:00.0
Nedbank to stop funding new coal mines
South Africa’s Nedbank will stop financing new thermal coal mines from 2025 and cut direct funding of new oil and gas exploration projects with immediate effect, it said on Thursday amid growing press...
Asset News Hub
2021-04-22 08:38:00.0
EOH agrees to pay back the money over dodgy Microsoft deal
Two years after TechCentral broke the news that the US Securities and Exchange Commission (SEC) was investigating a dodgy licensing deal involving Microsoft and EOH at the South African department of ...
Asset News Hub
2021-04-22 08:19:00.0
Netcare flags decline in first-half profit
South Africa’s Netcare expects first-half core profit to be down 36% to 38% from a year earlier after a second wave of Covid-19 forced it to suspend elective surgery in favour of necessary and time-se...
Asset News Hub
2021-04-22 07:28:00.0
Karooooo – formerly Cartrack – resurfaces on the JSE as a secondary listing
SIMON BROWN: I’m chatting with Zak Calisto. He is the CEO of Karooooo. If you’re wondering who Karooooo is, they were Cartrack, they are listed on the Nasdaq and now they’re listed back on the JSE, ...
Asset News Hub
2021-04-22 07:18:00.0
Yes, working from home makes you more productive, study finds
The great work-from-home experiment occasioned by the pandemic has divided opinion in the corporate suite and sparked endless debates about whether employees work as effectively from the kitchen table...
Asset News Hub
2021-04-22 06:35:00.0
Nigerians shun Naira for foreign currencies
Nigerians have been accumulating foreign currencies to protect their wealth from naira volatility and surging inflation, according to a research paper in a journal published by the Central Bank of Nig...
Asset News Hub
2021-04-22 06:25:00.0
Asia stocks snap two days of losses; bonds gain: markets wrap
Most Asian stocks gained after US equities rallied as investors focused on the outlook for earnings amid an economic revival. Treasuries advanced. Japan outperformed, while Hong Kong and Australia ha...
Asset News Hub
2021-04-22 05:45:00.0
What’s next for Chad after long-serving president Deby’s death
Chad has only had one ruler since Idriss Deby came to power in an uprising 30 years ago. His death at the age of 68 from injuries the army says were sustained in a rebel attack has cast the West Afri...
Asset News Hub
2021-04-22 05:32:00.0
World’s biggest stock owner says banks displaced tech as winners
‘Over time, and especially last year, it was technology and green stocks’ that drove returns. The world’s biggest owner of listed equities, Norway’s $1.3 trillion wealth fund, says financial firms hav...
Asset News Hub
2021-04-22 05:27:00.0
Slow vaccine rollout could keep Australia isolated into 2022
While much of the world contends with a surge in Covid-19 cases, Australia takes another big step toward normality this weekend when about 100 000 football fans will gather in the nation’s largest spo...
Asset News Hub
2021-04-22 05:07:00.0
Inflation stalks emerging bonds, pushing traders to seek refuge
‘The quickest way for EM policy makers to stimulate the economy is via monetary policy,’ said Michael Roche. As the global economy rebounds and commodity prices hit multi-year highs, emerging-market i...
Asset News Hub
2021-04-22 05:06:00.0
SA aviation regulator to roll out new licences in bid to curb fraud
The SA Civil Aviation Authority will phase in a new card licence system as from May this year. It will have certain security features to make it difficult to replicate. The card licence will be rolled...
Asset News Hub
2021-04-22 04:24:00.0
FirstRand cuts presence in India
FirstRand said it’s scaling back its presence in India by converting its branch to a representative office but won’t wind down its operations in the country. Africa’s biggest bank by market value unde...
Asset News Hub
2021-04-22 03:06:00.0
Looking for a new home in Sandton? Just step into an office...
A person working in Sandton can now own an apartment at the heart of Africa's richest square mile. This as some landlords have started converting office blocks in Sandton into apartments. Will more la...
Asset News Hub
2021-04-22 00:00:00.0
The country’s largest supplier of brewer’s yeast moves to new production facilities
Chicago-based Omega Yeast, the largest supplier of brewer’s yeast in the U.S., has recently moved to its new 13,800-sf production facilities after the company outgrew its former space. The company pur...
Asset News Hub
2021-04-22 00:00:00.0
Alabama fire chiefs oppose proposal to change school building code oversight
Alabama’s fire chiefs and construction industry groups are opposing a bill in the legislature that would move oversight of building code compliance on school projects from the state to community colle...
Asset News Hub
2021-04-22 00:00:00.0
The Weekly Show, Apr 22, 2021: COVID-19's impact on multifamily amenities
This week on The Weekly show, BD+C's Robert Cassidy speaks with three multifamily design experts about the impact of COVID-19 on apartment and condo amenities, based on the 2021 Multifamily Amenities ...
Asset News Hub
2021-04-22 00:00:00.0
SmithGroup enters partnership to support architecture programs at three Historically Black univer...
The firm is providing instructors and mentors as part of a broader effort to expand the industry’s diversity. African-American students currently account for a minuscule number of architectural degree...