(FT) — The government of Dubai on Monday said it would not guarantee the debt of Dubai World as it sought clarify comments made last week by the state-owned entity that sent shockwaves through global markets.

In its first public comments since the crisis erupted over the liabilities of its public companies, Dubai’s department of finance… »

Not since England won the World Cup (football that is) has South African credit extension registered a negative print. But on Monday the SARB revealed that in October credit extension to the private sector FELL 0.4% year on year. What are the implications? And what about the trade deficit? A massive R6.71 billion deficit was… »

After a period of rapid expansion, Blue was cruelly thwarted by the global recession and the drying up of credit upon which it relies for its day to day funding. Resultscast casts an eye over a dreadful year for the micro-lender, and looks to the restructuring that has resulted. The CEO talks to Lindsay… »

Resultscast chats to the CEO, Andre Hanekom, about a year that was a tale of two halves, particularly in terms of inflation, and then more importantly, the lack of it. Andre chats to Lindsay… »

Interim Results Press Release for Remgro Limited
(Remgro or the Group)

REMGRO’s investment PERFORMANCE impacted by market recession

· Interim dividend per share for the period 84 cents (2008: 80 cents)
· Headline earnings per share decreased by 67.9% to 275.3 cents
· Headline earnings per share from continuing operations decreased by 37.1% to 275.3 cents
· Intrinsic… »

Large deficit surprises

Actual trade balance: -R6.7bn
Previous: R3.9bn
Consensus Forecast: R0.6bn

October saw South Africa’s trade account swing sharply back into negative, with the recorded R6.7bn deficit is the worst since January 2009.

The weakness is largely attributable to a 22% m/m increase in imports. Part of this is due to a strange surge of minerals imports but… »

South Africa recorded a trade deficit of 6.709 billion rand for its trade with non-Southern African Customs Union trading partners in October after the surplus of 3.871 billion rand deficit of September, according to Customs & Excise figures released on Monday.
A 0.5 billion rand surplus was expected, a survey by… »

Any hopes of a recovery in the South African steel industry will be all but wiped out by power utilityEskom’s proposed electricity price increases, consultancy Coface warned on Monday.
“The recovery in the local steel industry is painstakingly slow. The only drivers keeping the industry afloat are Eskom power station and government low-cost… »

Johannesburg, Nov 30 (I-Net Bridge) - South Africa recorded a trade deficit of 6.709 billion rand for its trade with non-Southern African Customs Union trading partners in October after the surplus of 3.871 billion rand deficit of September, according to Customs & Excise figures released on Monday.

A 0.5 billion rand surplus… »

Johannesburg, Nov 30 (I-Net Bridge) – Primary agricultural products producer Crookes Brothers (CKS) on Monday reported that its diluted headline earnings per share for the six months ended September 2009 were at 68.2 cents compared with the 216.6 cents reported before.
Revenue for the period was at 180.2 million rand, up from the 179.9 million rand… »