Archive for September 23rd, 2009

South Africa’s favourite stock broker reviews the JSE day and looks forward to the rest of… »

Producer prices at the South African factory gates keep falling. A year ago exactly they were RISING by nearly 20% per year; what a turnaround. Econocast looks at the implications of the current numbers for us and the markets, with a top local… »

As always on a Wednesday we chat to Chris Drummond from Benguela Cove about how the high end developments are attracting the high end property… »

High electricity prices combined with lower base effects are set to see PPI increasing from September onwards.
The base effects are brought about by the fact that year-on-year (y/y) PPI peaked at 19.1% in August last year and then went to 16.0% in September and continued down from there to break… »

Johannesburg, Sep 23 (I-Net Bridge) - South Africa’s producer price index (PPI) registered deflation of 4.0% year-on-year (y/y) in August from 3.8% y/y in July, Statistics South Africa (Stats SA) data on Wednesday showed.

The slight increase in July had followed ten consecutive months of decreases in the producer price… »

Under pressure from a range of factors, IT services company Faritec is fighting to reverse its fortunes. The company’s Board has indicated that it is “immensely disappointed” with the results over the past year, but has expressed hope that its turnaround programme will improve the company’s… »

Masscash, a division of Massmart Holdings, has been notified that the Competition Tribunal has unconditionally approved the proposed merger between Masscash and Finro Enterprises, trading as Finro Cash & Carry, it was announced on… »

Foreigners were net buyers of 1.255 billion rand worth of South African shares in the week ended September 18 after net purchases of 1.587 billion rand worth of local shares the week before, according to figures released by the JSE.
Foreigners bought 12.067 billion rand and sold 10.813 billion rand of shares… »

Business Unity South Africa (Busa) said on Wednesday that it is disappointed at the decision by the South African Reserve Bank (SARB) to leave interest rates unchanged and sees it as unduly cautious in present economic circumstances.
“The stronger rand, stable oil prices and domestic recessionary conditions combine to suggest that… »

The seasonally adjusted leading economic indicator in South Africa ended its three-month winning streak on Wednesday as it fell 0.18% month-on-month (m/m).
The indicator has been rising every month since the fall in March, but data released on Wednesday morning shows that the recessionary conditions will continue to bite for at least… »