Archive for November 5th, 2009

Investec Asset Management’s Phillip Saunders talks the Fed, manufacturing indices, and the outlook for the world’s markets as we approach the final few weeks of what has turned out to be a rather good year. So… »

Drought is looming, so if you’re a farmer or a punter of agricultural commodities on SAFEX then watch out. We talk to the top man at the South African Weather Service about the prospects for the next few… »

Local white maize futures ended in the red on Thursday, impacted upon sby lower Chicago Board of Trade (CBOT) prices and a stronger rand.
The November maize contract gave up 26 rand to 1,508 rand, the December contract was down 34 rand to 1,515 rand and the March contract declined 31… »

The government has approved a proposal to issue a temporary mobile television broadcasting licence, which will allow subscribers to watch television on their hand sets.
The decision by cabinet is specially designed to allow spectators to watch soccer World Cup matches in this way, It is, said the… »

Two weeks after cabinet decided to scrap the defence department’s order for eight Airbus A400M heavy lift aircraft, ministers have reaffirmed the decision and made it public.
Themba Maseko the cabinet spokesman said on Thursday that the termination of the contract is due to extensive cost escalation and the supplier’s failure… »

The JSE tracked international markets lower by midday on Thursday amid profit taking and a weaker dollar.
At 12:09 the JSE all share index had shed 0.89%, with resources wavering 1.59%, gold miners slipping 2.92% and platinum producers down 1.72%.
Banks were flat, up 0.02%, as were… »

Retail group Truworths (TRU) on Thursday announced that group retail sales for the first 18 weeks, from June 29 until November 1 2009, of the 2010 financial year increased by 10% to 2.3 billion rand relative to the corresponding period in the 2009 financial year.
Comparable same-store retail sales increased by 2%, product… »

Nedbank Group (NED) advised on Thursday that Diluted headline earnings per share and diluted earnings per share for 2009 are currently expected to be between 25% and 35% lower than the 1,401 cents per share and 1,558 cents per share respectively reported for the comparative period to December 2008.
… »

Old Mutual Plc today announced its results for the 2009 third quarter. Sales showed a significant improvement on the first half of the year as the demand for equity-based investments returned. Old Mutual South Africa, including the rest of Africa, delivered third quarter life sales at a similar level to last year, an… »

FOR over a year retailers have been cowering in their high-street redoubts as recession replaced the longest consumer-spending spree in recent times. Good news appeared this week, and a hint that the economy may be in less-dire shape than third-quarter GDP figures suggest. Sales recovered sharply in early October—particularly in food and footwear, but also… »