Archive for September 3rd, 2009

World renowned historian David Schwartz talks to Marketscast He digs into his archives to predict the next move on the stock markets that have astounded us all this year. More fun to come… »

For no apparent reason, the yellow metal has spiked this week. Is it the stock market ‘September’ factor? It certainly isn’t the dollar, because that’s behaving itself. We consult a higher power; Matthew Turner from the VM Group in London reveals… »

Steady as a rock, boosted by the SARB quarterly bulletin and the MTN/Bharti deal, the local currency has a look at highs for the year. Can it carry on, is it the carry trade? A top local strategist… »

Sept. 3 (Bloomberg) — U.S. service industries shrank at a slower pace in August, adding to evidence the economy is starting to pull out of the worst recession since the Great Depression.

The Institute for Supply Management’s index of non- manufacturing businesses, which make up almost 90 percent of the economy, rose to 48.4, exceeding… »

Johannesburg, Sept 3 (I-Net Bridge) - The most attention-grabbing aspect of the Reserve Bank’s Quarterly Bulletin released on Thursday will be the current account deficit, which narrowed much more than the market had been expecting to only -3.2% of GDP, according to Razia Khan, head of Research: Africa at Standard Chartered Bank.
“Expect the ZAR to… »

SACCI August BCI dips to 83 from 83.2 in July
Johannesburg, Sep 3 (I-Net Bridge) – The South African Chamber of Commerce and Industry (SACCI) Business Confidence Index (BCI) remained virtually unchanged for the third consecutive month as the index decreased by 0.2 points in August 2009 to 83 from 83.2 in July.
The August 2009 reading… »

Mindful of the severe downward momentum in global growth arising from the financial and broader economic crisis, authorities in most parts of the world adopted very expansionary monetary and fiscal policies during the past year. While economic activity and international trade suffered severely, especially in the final quarter of 2008 and first half of 2009,… »

The JSE opened flat, with a marginal tick to the upside led by a surge in gold prices and with an eye on US unemployment data out later.
At 09:19, the JSE all share index had gained 0.07%, with gold miners 3.85% firmer, having added 4.91% yesterday. Resources picked up 0.62%,… »

Johannesburg - Mvelaphanda Holdings (Pty) Limited welcomes the announcement that its 51% owned subsidiary, Mvelaphanda Group, is embarking on a restructuring process to unlock value for shareholders. Mvelaphanda Holdings believes that black economic empowerment structures should deliver returns to all stakeholders. Steps by Mvelaphanda Group to unlock value are therefore in the long term interests… »

Absa House Price Indices up to August 2009, which indicate that year-on-year house price deflation in the middle segment of the South African housing market has turned the corner and is slowing down. On a month-on-month basis, house price deflation slowed down from April to June this year, with price inflation that was recorded… »