Archive for September 17th, 2009

A leading local broker reviews the day’s action with Lindsay Williams. Banks through the roof, the rest up nicely. Why? Where to? Find… »

The CEO, Steven Kossef, chats to Bizcast on the occasion of the bank’s ‘pre-close briefing’, whatever that might be. Do you like the banks? Do you believe the story? Listen… »

It was the AGM today, and Tito did his thing. A top local economist has a look at the last one presided over by the legendary… »

Johannesburg, Sep 17 (I-Net Bridge)   A spat between Mvelaphanda Resources (MVL) and black economic empowerment group Khumama Platinum has turned nasty.
Khumama Platinum, which started out holding the mining rights in respect of the Johannesburg and Sheeprun farms on the eastern limb of the Bushveld Complex, is now mulling a 3 billion to 5 billion rand… »

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Pretoria, Sep 17 (I-Net Bridge)   South African Reserve Bank (SARB) minority shareholders once again disrupted the AGM of the Bank on Thursday and forced a ballot to be held on the adoption of the financial statements.
Despite garnering 33.2% in a “no” vote in person and by proxy, they were outvoted by 66.7% of the shareholders…. »

Johannesburg, Sep 17 (I-Net Bridge)   JSE-listed Altech (ALT) and subsea cable operator SEACOM on Thursday announced a strategic alliance for the mutual acquisition of bandwidth capacity on two cable systems.
The agreement sees Altech procuring two STM-16s from SEACOM (5Gbps), with the option to upgrade, within three years, to double this capacity, to an STM-64.
SEACOM would… »

The impact of the economic downturn has had little significant impact on the implementation of Broad-Based Black Economic Empowerment (B-BBEE) compliance. It appears that business has insisted on greater compliance in some aspects, rather than a deviation from empowerment plans.

This is a key finding to emerge following the release in Johannesburg today of the… »

Balanced business model, sound balance sheet and recurring revenue base continue
to support profitability Investec is today hosting an investor pre-close briefing at 9:00 (UK time) (10:00 South African time) which will focus on developments within the group’s core business areas in the first half of the current financial year. Unless stated otherwise, key trends and… »

USD DROWNING IN DATA
There seems to be no respite for the USD, as the unit continues to be immersed by strong economic data, bolstering hopes of a robust recovery. Markets are responding favourably to the stream of US data released this week. The latest titbit to whet investors risk appetite was the 0.8%m/m increase in… »