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richemontlatest news & developments
Red carpet: South African billionaire Johann Ruper

Laureus awards at 25: Has Rupert blown the whistle?

The future of the ‘Oscars of sport’ remains unclear as the South African billionaire seemingly loses interest in the Laureus project

Richemont

Richemont earnings growth ebbs on Chinese market slowdown

Richemont’s full year earnings have slowed in comparison with the last three years, as the Chinese government cracked down on spending by officials.

Knowing what makes women tick essential for watchmakers

Luxury brands have turned their attention to female customers with an aim to have them buy as many watches as they do shoes.

Richemont sales growth disappoints as China declines

Sales of luxury goods grew at a lower rate than expected as China continues to clamp down on the use of watches and jewellery as bribes.

Richemont

China crack-down on jewellery bribes sees Richemont sales wane

Richemont’s revenue growth has slowed in China as a result of more prudent Chinese consumers and a government crack-down on jewellery used as bribes.

Fracking: Shell SA’s shale drive riles farmers

Shell’s Karoo fracking plans have catalysed a battle between the government and farmers as well as conservationists like billionaire Johann Rupert.

Welcome to tobacco country

We might think we’re big in mining, synthetic fuels, cellphones or banking, but our biggest listed company on the JSE soon will be in tobacco.

Unbundling of BAT hailed as ‘fantastic deal’

The unbundling of British American Tobacco to shareholders — and its secondary listing on the JSE — has been heralded as "a fantastic deal".

JSE weaker as miners take pounding

South African stocks remained lower at noon on Friday as the mining sector continued to take a pounding on weaker commodity prices. At 12.02pm, the all-share index was down…

JSE extends losses on profit taking

The JSE extended losses at midday on Friday as profit taking-induced selling on resources offset modest gains among banks and financials, traders said. At 12.03pm, the JSE’s…

JSE hits new record on resources

The JSE hit a fresh record high on Thursday, buoyed by miners on firm commodity prices and a weaker rand, but overall the mood was dampened by global inflation worries due to the…

JSE holds on to gains on world markets

The JSE held on to gains at midday on Tuesday as investors chased after bargains following Monday’s sharp losses amid strong metal prices and firmer overseas markets. By 11.59am,…

Platinum-share rally fails to prop up JSE

Platinum-mining stocks continued to shine brightly on the JSE by midday on Thursday, but even this dose of positive news failed to keep the bourse in the black as a slow European…

JSE slightly higher on miners

The JSE was a touch higher at midday on Wednesday, lifted by miners on soaring metal prices, but weaker overseas markets and the stronger rand dampened the overall mood. At noon,…

Planning your pension

<b>A reader asks:</b> I am a retired 61-year-old guy, married, with my own house and no debts. But I will have to invest wisely and conservatively for my family’s future. This…