Archive for November 4th, 2009

It’s rising. But is the latest in a plethora of indices that try to be predictive an accurate LEADING indicator of the behaviour that will shape the investment landscape in the short term? George Glynos, MD of Econometrix Treasury Management tells… »

The Chairman of Benguela cove Investments (Pty) Ltd talks of the return to house price INFLATION, as well as the influence of American investors in the South African property… »

By Gareth Vorster
Johannesburg, Nov 4 (I-Net Bridge)   South Africa’s policy on employment is non-existent despite an overwhelming need to make employment the overriding objective in this country, Stanlib economist Kevin Lings said on Wednesday.
Speaking at a media briefing in Sandton, Lings said: “Employment has to be the number one focus, the overriding objective in South… »

Cape Town, Nov 4 (I-Net Bridge) – Cosatu told MPs on Wednesday that it wants to see the interest rate set by the Reserve Bank at three per cent; the federation’s officials also praised the Finance Minister, Pravin Gordhan, for his bold response to the economic crisis in setting the budget deficit as high… »

The gold price jumped to a new record high of US$1,095.65 on Wednesday after the price continued to capitalide on the news that India had bought 200 tonnes of gold from the International Monetary Fund.
The sale to India – the largest central-bank purchase in at least 30 years – was… »

South African white maize futures ignored a stronger local currency and ended higher on Wednesday, taking direction from a rise in international prices.
The November maize contract put on 16.80 rand to 1,536.80 rand, the December contract gained 15 rand to 1,549 rand and the March contract firmed 13 rand… »

The shift towards the G20 reflects the critical importance of emerging economies like South Africa, India, Brazil and others, according to Deputy Secretary of the US Treasury, Neal Wolin.
Speaking at Wits University in Johannesburg on Wednesday, he said that in order to be credible and effective, global economic coordination in… »

The JSE remained in the black by noon on Wednesday supported firmly by commodity stocks on the back of a weak dollar.
At 12:09 the JSE all share index had collected 0.81%, with resources adding 1.79%, platinum producers up 2.18% and gold miners firming 6.52%.
Banks were… »

The Maxim-ETM Investor Confidence Index (ICI) climbed again in the third quarter of 2009 to 84.4 from an upwardly revised 76.2 (75.5) in the second quarter, it was revealed on Wednesday.
The ICI increased 22.1 index points, or 35.5%, compared with the same quarter in 2008.
Investor… »

The JSE edged 131 points higher in early trade on Wednesday with resources leading the upside in the wake of a slip in the US dollar, a local equities trader said. At 09:18 the JSE all share index had collected 0.51%, with resources
adding 1.38%, platinum producers up 1.07% and… »