Archive for November 9th, 2009

Eskom. Incompetent. Incomplete. Embarrassing. Interference. Unenlightened. What is going on at the state owned provider of a basic commodity? Heads must… »

Hedge fund mangers were off the cocktail party invitation list a year ago, driven underground as the markets collapsed. Today they’re the flavour of the month again. Citadel’s Andrew Finlayson explains that company’s attitude to the asset class that has received serious flak during the financial crisis of… »

Pieter Uys, CEO of Vodacom, has had big boots to fill, and tough times over which to preside. He talks to Resultscast about the last six months for the mobile operator that continues to dominate the South African market, but continues to lag in its international… »

Poor numbers on paper, but is there more beneath the veneer of the paper and pulp giant’s headlines? Ralph Boettger, the CEO, talks to… »

10 years ago, niche financial services companies were all the rage. Then came the NASDAQ collapse, and those without spines fell by the wayside. Some survived. Cadiz was one of them, and despite taking the scenic route to survival, it’s done rather well. The CEO talks to… »

Resources led the upside which saw the JSE 392 points higher by noon on Monday.
At 12:01 the JSE all share index had gained 1.51%, with resources up 2.61%, gold miners adding 2.29% and platinum producers collecting 1.26%.
Banks advanced 2.07%, financials rose 1.63% and industrials edged… »

Johannesburg, Nov 9 (I-Net Bridge) – Outgoing central bank Governor, Tito Mboweni, took time out on Friday to bid farewell to his oftentimes bete noir -financial journalists - in Sandton on Friday night. Mboweni did not talk economics all night, preferring instead to offer advice on the journalism industry.

He said his relationship with the media… »

Johannesburg, Nov 9 (I-Net Bridge) - Ububele Holdings (UBU), the South African agro-processing and agrichemicals company, listed on AltX on Monday morning, with a market capitalisation of between 174 million and 262 million rand.
Ububele, formerly Milkworx, has a business model which is best described as that of beneficiation. Agricultural compounds are supplied to the… »

Since becoming a subsidiary of the Vodafone group in May this year, Vodacom has undertaken a number of initiatives to boost profitability. Through leveraging Vodafone’s international presence and experience, the group secured solid revenue growth despite tougher operating conditions.

Vodacom released results for the six months to 30 September today, revealing a 9.9% growth in revenue… »

BSI Steel (BSI) on Monday reported headline earnings per share of 0.28 cents for the period ended September 3, from 17.7 cents earlier.
The group reported revenue of 662.5 million rand, down 42% from 1.14 billion rand previously.
It returned a net profit of 1.2 million rand for… »