Archive for September 28th, 2009

Pat Mathidi of RMB Asset Management looks at a crushingly dull session for the JSE as investors return from the long… »

The in flight attendants are under paid and miserable, and the customers’ flying experience is quite simply appalling. That’s what happens when the state runs any business…..Eskom, Telkom, etc….BUT, SAA has apparently turned around its financial fortunes. Or has it? We speak to a customer and critic of the national… »

Part 3 of our series detailing the construction of a wealth plan. This week we focus on the juicy aspect of the investment… »

Johannesburg, Sept 28 (I-Net Bridge) - Liquidations improved notably in August, declining by  7.4% y/y in the month, the lowest level since September last year.
On a m/m basis, liquidations declined from 428 in July to 264 in August.
The current decline in liquidations may be an indication that economic activity has begun to bottom out and… »

Johannesburg, Sep 28 (I-Net Bridge)   South African markets ended
moderately firmer on Monday, buoyed by firmer world markets and bargain hunting.
EQUITIES
Bargain hunting and a rally on Wall Street as well as firm world markets helped drag the JSE out of the red to end 49 points in the black on Monday.
At 17:00 the JSE all share… »

      Johannesburg, Sept 28 (I-Net Bridge)   South Africa’s national air carrier South African Airways (SAA) reported a net profit of 398 million rand for the year ended March 2009 against a net loss after restructuring costs of 1.085-billion in the previous year.
    The current year net profit did, however, include a credit of 407-million rand… »

SA Stks Mid: Metals lead downside on JSE
Johannesburg, Sep 28 (I-Net Bridge)   South African stocks came off earlier low levels, but remained in the red by noon on Monday with miners leading the downside on the back of weaker metal prices as market players worldwide took profits.
At 12:00 the JSE all share index had lost… »

Johannesburg, Sep 28 (I-Net Bridge)   Low-cost home builder and civil engineering contractor Sea Kay Holdings (SKY) on Monday reported headline earnings per share of 6.57 cents for the year ended June 30, versus 18.12 cents previously, representing a 63% decline.
Earnings per share also declined by the same margin at 6.68 cents, against 18.13 cents previously.
Revenue… »

Johannesburg, Sep 28 (I-Net Bridge) Resources giant Anglo American (AGL) on Monday said it was seeing the first signs of a global economic upturn, but questioned the sustainability of the recovery.

Speaking at the Brisbane Mining Club, Anglo American chief executive Cynthia Carroll said in recent weeks there had been… »

DOLLAR’S ROCKY START TO THE WEEK
If the dollar was a person it would be well advised to stay in bed this morning. The nonchalant response of Japanese officials to the JPY’s recent strength and the decreasing likelihood of intervention has prompted investors to unwind short USD/JPY positions. The USD has plummeted to its lowest level… »