Archive for November 10th, 2009

We covered it on Monday, but on reflection, it deserves more attention. How can this be happening? The board and the Government must surely unite and present an acceptable solution to a concerned consumers and investors. Dawie Roodt is an Eskom Expert. Here he… »

The raft, or swathe, or plethora, of results from niche financial services players continues on Tuesday with the numbers from the aristocratic Coronation Fund Managers. Things are looking up. Hugo Nelson, the CEO, talks to… »

Why should we diversify a portfolio? Surely if we’re convinced that something’s going to fly we should hitch our wagon to its star and enjoy the ride. Not, apparently. Darron West from Foord Asset Management explains why, rather… »

The physical volume of manufacturing in South Africa in September was reported at an improved –11.4% year-on-year (y/y) from a revised –15.2% (-15.0%) in August, data provided by Statistics South Africa (Stats SA) on Tuesday shows.
This will be viewed as a positive sign by the markets as it shows that… »

Developed economies’ top-performing banks had an average return on equity of 26% for the period 2000 to 2007. Today, many of these same banks are looking at returns of 4% to 5% —if they are still in business. The post-crisis challenge faced by banks is enormous and it is not one that all will… »

As many of you know, Wall St. Cheat Sheet is on a mission to expose some of the biggest frauds on Wall Street. Most recently we did an extensive open-source research project on Nouriel Roubini and Jim Cramer. As a follow up, a new friend Nadeem Walayat posted a nice chart (including full citations) of… »

The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) fell by 3.3 points to 82.2 in October 2009, diminishing the gain of 2.5 points in September 2009, it was announced on Tuesday.
“Although still higher than the depressed level of 78.9 measured in March 2009, the return… »

A bout of risk aversion has interrupted the trend gains in the ZAR. It also finally appears as if the authorities are again in the market trying to build reserves — thus making further ZAR gains more difficult. None of this implies we can’t see further ZAR gains but it is possible that the lows… »

Randgold Resources, the African- focused gold mining and exploration business, on Tuesday reported a swing to third quarter profit by posting a profit of US$13.6 million for the three months to end September 2009, from a US$700,000 loss for the same quarter a year ago.
Improved profit was driven by gold… »

South African stocks opened in the black on Tuesday tracking positive global sentiment, particularly in Asia and the US.
Locally, attention will focus on the Business Confidence Index (BCI) today, while Stats SA releases September manufacturing stats.
At 09:20 the JSE all share index had… »