Archive for September 21st, 2009

Down, but not out. Lindsay Williams with the JSE closing prices, plus commodities, currencies, and of course the overseas equity indices. Brought to you by I-Net… »

Short week, big week. The Reserve Bank decides on rates, and then there’s inflation data. All this in a period that sees another ridiculously timed ‘public’ holiday. When will the authorities learn to make every holiday a Monday or Friday?…….We preview the action with a leading… »

Part 2 of our series on the process of formulating a plan to secure your financial future. John Kennedy of Citadel, in the Wealthcast… »

    Johannesburg, Sep 21 (I-Net Bridge)   Arthur Kamp, economist at Sanlam Investment Management (SIM), said on Monday that the local currency was overvalued at 8.00 to the dollar.
    Kamp said: “The rand’s appreciation year-to-date is not especially surprising since it was heavily undervalued in the opening months of 2009.”
    He pointed out that it… »

Johannesburg, Sep 21 (I-Net Bridge)   Retail sales for July are much better than expected and this number points to the economy exiting recession during the third quarter, according to Nomura economist Peter Attard Montalto.
“A key call we have had this year is that household balance sheets have not been as badly hit as many people… »

Johannesburg, Sep 21 (I-Net Bridge) - South African motor trade sales decreased 11.8% year-on-year (y/y) in July after declining 9.9% in June, Statistics South Africa (Stats SA) said on Monday.
Motor trade sales for the three months ended July 2009 decreased by 12.6% compared with the three months… »

Johannesburg, Sept 21 (I-Net Bridge) - African Bank Investments Limited (ABIL, ABL) announced on Monday that Moody’s Investors Service has updated its credit opinion on African Bank Limited, reaffirming its national scale ratings of A1.za (long-term) and P-1.za (short-term), and its foreign currency deposit ratings of Baa2 (long-term) and P-2 (short-term).
… »

Fluorspar producer Sallies (SAL) on Monday reported a 133% increase in headline earnings per share to 2.3 cents for the year to end June 2009, after it reported a headline loss of 7 cents a share last year.
Revenue was up 50% to 251.9 million rand from 168.1 million rand the year… »

Diversified technology holdings company Rolfes Technology (RLF) on Monday reported a decline in diluted headline earnings per share to 10.4 cents for the year ended June 2009 from 29.1 cents a year… »

A REPRIEVE FOR THE USD
The weekend provided a welcomed reprieve for the USD after the brutal
onslaught on the currency last week. Markets appear subdued this
morning as investors continue to consolidate their positions and
withdraw from riskier assets, ahead of key rate decisions and the G20
Summit meeting in Pittsburgh Pennsylvania this week. The waning
appetite for alternate assets… »