Archive for September, 2009

MTN dominated today’s news, and the JSE ended mixed. Wayne McCurrie of RMB Asset Management runs through the day’s… »

Part 1 of the latest form the best selling Sydney based author and advisor to central banks. Don’t miss his pronunciations on Sarah Palin, G20, The FDIC, bankers, and all that. Part 2… »

Chris drummond’s in England. He draws interesting parallels between there and here, and talks about the REAL value of property, not just what someone is able to… »

A top Johannesburg based economist looks at PSCE, M3, the August Trade figures, plus the outlook for local interest rates. It’s Annabel Bishop from… »

Johannesburg, Sep 30 (I-Net Bridge) Dow Jones Newswires reported on Wednesday that India’s Bharti Airtel had decided to end discussions with South Africa’s MTN Group (MTN) to combine and create a telecom giant.

“This structure needed an approval from the government of South Africa, which has expressed its… »

DiamondCorp H1 net loss narrows to GBP974,476
Johannesburg, Sep 30 (I-Net Bridge)   Diamond mining junior DiamondCorp (DMC) on Wednesday reported a narrowing of its first half net loss to GBP 974,476 from a net loss of GBP 1.34 million posted for the first half of its 2008 financial year.
Basic and headline earnings per share of GBP… »

SA Aug trade dfct R1.981bn (exp +R0.500mn) (4)
Johannesburg, Sep 30 (I-Net Bridge) - South Africa recorded a trade deficit of 1.981 billion rand for its trade with non-Southern African Customs Union trading partners in August after the 446.758 million rand surplus of July, according to Customs & Excise figures released on Wednesday.
A… »

Johannesburg, Sep 30 (I-Net Bridge)   A rapidly declining credit situation in South Africa is indicative of the soft economic conditions and consumers unwilling to push demand, but is it enough to entice the central bank to cut rates one more time? It appears opinion is divided on this point.
Economist from Nedbank, Carmen Altenkirch, told I-Net… »

August’s PSCE growth of 2.3% indicates just how weak demand for credit is in SA as the economy moves out of its third quarter of recession and, we believe, into its fourth.

We expect PSCE growth it will fall to 0% y/y in the next couple of months, as rand strength continues to weaken… »

Johannesburg, Sep 30 (I-Net Bridge) - South African stocks were slightly higher on Wednesday morning supported by commodity stocks which benefited on the back of higher commodity prices.
At 09:19 the JSE all share index had picked up 0.84%, with resources gaining 1.09%. Gold miners increased 1.24% and platinums collected… »