Archive for August, 2009

THE surge in China’s bank lending this year partly explains why its economy has recovered much faster than other big economies. If, as many investors fear, the government has already turned off the credit tap, that could hurt economic growth. A closer look at the figures, however, suggests… »

     Johannesburg, Aug 31 (I-Net Bridge)   A global sell-off saw the JSE and futures market end in the red on Monday, while the rand continued to trade in a narrow range with UK markets closed for the day.  
     The markets were unmoved by trade data for July which was better than expected.       South Africa… »

The empowerment champion lost an ARM and a leg of of its profits in the last year. But the future is bright, especially when your Chairman’s on the Presidential jet to Angola and Zimbabwe with the top man himself. Andre Wilken, CEO of ARM, talks about the last year for the diversified… »

Succession planning is like a tax return, you can put it off because there’ll always be an extension. Not. Ian Kilbride, the frighteningly sensible head of Warwick Private Wealth tells us why planning and saving is essential no matter how old you are, what you earn, or where you… »

BRT launched today. What happened, and why are we surprised that it did? The MMC for Transport in the City of Johannesburg describes the start of a long, long… »

Three years ago credit was a runaway train; even I could borrow money. Today, in order to borrow money you have to have it in the first place. Full circle. A top economist reviews todays economic data from a beleaguered local… »

South African services and distribution group Bidvest (BVT) says it is well placed to benefit from the soccer World Cup in 2010 as well as from the acquisition of its new Eastern European businesses.
CEO Brian Joffe said during a presentation of the group’s annual results on Monday that although it is… »

By Evan Pickworth
Johannesburg, Aug 31 (I-Net Bridge)   The green shoots of global recovery are aiding South Africa’s economy as trade data released today shows that exports to Europe lifted 14% in July from June.
European exports had dipped by 2% in May and lifted only 2% in June and have been languishing behind increases to Asia,… »

SA July trade surplus R447m (exp -R0.430mn)
    Johannesburg, Aug 31 (I-Net Bridge) - South Africa recorded a trade
surplus of 446.758 million rand for its trade with non-Southern African Customs
Union trading partners in July after the 3.221 billion rand surplus of June,
according to Customs & Excise figures released on Monday.
    A 430 million rand deficit was expected,… »

Asian markets fell sharply Monday as Chinese stocks plunged nearly 7 per cent and Japanese shares weakened after the country’s opposition party came to power in a landslide victory. European stocks were mixed in early trade.

In Shanghai, the main index plummeted 6.7 per cent to 2,697.70, adding to a nearly 3 per cent decline on… »