Archive for September 1st, 2009

The sap is rising, and so are the economic indicators. Can it last, will it last, or is Spring merely a cruel hemispheric trick played on us poor Africans? Listen to the forceful words of Dawie Roodt, chief economist at the Efficient… »

Sept. 1 (Bloomberg) — Factories in the U.S. expanded in August for the first time in 19 months, helping lead the economy out of the worst recession since the 1930s.

The Institute for Supply Management’s factory gauge increased to 52.9, exceeding forecasts and the highest level since June 2007, the Tempe, Arizona-based group said today…. »

Sept. 1 (Bloomberg) — Paul Tudor Jones, the billionaire hedge-fund manager who outperformed peers last year, is wagering that Goldman Sachs Group Inc. and Morgan Stanley got it wrong in declaring the start of an economic recovery.

Jones’s Tudor Investment Corp., Clarium Capital Management LLC and Horseman Capital Management Ltd. are taking a bearish stand… »

Although government expenditure increased marginally from June’s 66.1 billion rand to 66.6 billion rand in July, the severe decline in government revenues saw the month’s budget deficit rise to -31.6 billion
rand from -0.5 billion rand in June. On a year-on-year (y/y) basis, July’s deficit increased by 66.3%…. »

The seasonally adjusted Kagiso PMI has increased in August, but remains below 40 at 39.3 from July’s 37.3.
“Underlying indicators of output volumes, along with the slight increase in the headline figure, indicate that South Africa’s manufacturing sector is (albeit with a lag) on track to join the global manufacturing rebound… »

Johannesburg, Sept 1 (I-Net Bridge) – The continent’s biggest pharmaceutical group, Aspen Pharmacare (APN), advised on Tuesday that headline earnings per share for the 12 months ended June are forecast to exceed those of the comparative period by 60% to 70%.
Earnings per share for… »

The FNB House Price Index’s year-on- year decline continued in August, but for the second successive month saw a diminishing price deflation rate, with the index starting to show clearer signs that the market is starting to stabilise, according to the latest FNB House price index released on Tuesday.
On a… »

Investment group Real Africa Holdings (RAH) on Tuesday reported headline earnings per share of 30.1 cents for the year ended June 30 against 37.7 cents previously.
The group published earnings per share of 25.4 cents versus 63 cents in 2008.
The board declared a final dividend of… »

The JSE was 214 points firmer in early trade on Tuesday on the back of positive Asian markets amid some bargain hunting after Monday’s big sell off.
At 09:15, the JSE all share index was up 0.86%, with resources adding 1.26% and platinum miners firming 2.09%, but gold miners eased 0.31%…. »

Johannesburg, Sep 1 (I-Net Bridge) - Pan African Resources plc (PAN) on Tuesday reported headline earnings per share of 0.85 pence for the year ended June 2009 from 0.52 pence a year ago.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 30% to GBP17.8 million. Gross revenue… »