Archive for September 9th, 2009

A sloppy end to the JSE day, but the action is increasingly rarefied. MTN/Bharti….gold at $1000….the rand on a rampage.
David shapiro’s our man… »

Slight decline in earnings, but a pipeline that is positively pumping. resultscast talks to the CEO on the occasion of the year end numbers. … »

All the week’s property news, plus insight into the minefield that is investing in this asset class. Listen to chris Drummond, chairman of Benguela Cove Investments (Pty)… »

MTN dismisses speculation over $24bn Bharti deal
Johannesburg, Sep 9 (I-Net Bridge)   Mobile communications giant MTN on Wednesday moved to distance itself from reports that it had reached a $24 billion preliminary agreement with
Indian telecommunications giant Bharti Airtel to buy each other’s shares.
A spokesperson for the group told I-Net Bridge: “We do not comment on market… »

Sept. 9 (Bloomberg) — Bharti Airtel Ltd., India’s biggest mobile-phone company, and South Africa’s MTN Group Ltd. have reached a $24 billion preliminary agreement to buy each other’s shares, the first step in a planned merger, three people familiar with the matter said…. »

Johannesburg, Sept 9 (I-Net Bridge) - Media group Caxton and CTP Publishers and Printers (CAT) on Wednesday reported a 24.1% decline in headline earnings per share from 135.2 cents to 102.6 cents for the year ended June.
     Headline earnings per share excluding discontinued operations amounted to 87.4 cents compared to 123.7 cents in the previous… »

Standard Bank’s economists see SA GDP at -1.5% in 2009 from +3.1% in 2008, but then moving to +3.0% in 2010 and +3.2% in 2011. They expect some stabilisation from the third quarter of this year.
“In SA, the contraction in economic activity has reached an advanced phase and the third quarter… »

AFGHANISTAN: The electoral commission has announced that President Humid Karzai won 54.1% of the vote on 20th August - enough to avoid a run off election with his opponent Dr. Abdullah Abdullah.

JAPAN: Prime Minister elect Yukio Hatoyama has come to an agreement with two smaller parties to form a coalition that will allow… »

South African bonds gave back four basis points during the morning session on Wednesday as Eskom held a large auction and news emerged of a long duration bond auction by government next week.
By 11:20 the short-term government R154 bond was bid at 7.255% from a previous close of 7.230%. The medium-term… »

South African construction and engineering group Aveng (AEG) on Wednesday said it had picked up fresh momentum to drive the business forward with its pipeline estimated at 100 billion rand
The group said its two-year order book increased to 30.4 billion rand from 25.8 billion rand.
Aveng… »