Archive for November 11th, 2009

Chris Drummond is the chairman of Benguela Cove Investments (Pty) Ltd. This week we talk about the energy efficiency aspect of a home. Can an old home be converted to ‘green’ cost effectively, or is better to start from scratch? Either way, it’s our duty to reduce our carbon footprints, and that reduction MUST… »

Resultscast talks to the new CEO about a market and a company that is perhaps a better indicator of the REAL economy than most indicators. The outlook is, apparently, still rather… »

Resultscast talks to the CEO of the grocer that seems to play second fiddle to the big boys but nonetheless is etched into the retail landscape as a comforting and convenient provider. So near so Spar. An insight into the South African consumer… »

Johannesburg, Nov 11 (I-Net Bridge) – The South African Reserve Bank (SARB) said on Wednesday that there would not be a media briefing this week as some in the market had expected.
The Monetary Policy Committee (MPC) meeting, however, is scheduled to take place on Monday and Tuesday next week, followed… »

CEO of Engineering and construction company Stefanutti Stocks (SSK) Willie Meyburgh said on Wednesday that the group’s healthy financial position provided a “solid foundation” in the current economic climate.
However Meyburgh said he expected shrinking tender margins and fewer contracts due to the lack of project funding in the market… »

Embattled South African power utility Eskom has promised to clarify CEO Jacob Maroga’s position on Wednesday after reports that he was denied access to Megawatt Park on Tuesday.
The utility, which failed to release a promised statement on Tuesday, has been ducking and diving the media since last week when it… »

A strong rand continued to fuel offshore diversification into foreign equity funds during the third quarter this year, resulting in one of the highest ever net quarterly inflows into foreign currency unit trust funds registered with the Financial Services Board (FSB), the Association for Savings and Investment South Africa (ASISA)
said on Wednesday.
… »

South African stocks edged higher in early trade on Wednesday with a weak dollar supporting commodities. At 09:25 the JSE all share index had gained 0.45%, with resources up 1.05%, gold miners firming 1.31% and platinum producers collecting 0.78%.
Banks edged up 0.25%, financials inched 0.28% higher… »

Africa Cellular Towers (ATR) on Wednesday reported a loss in headline earnings per share of 11.8 cents for the six months ended August 31, from a profit of 14.4 cents earlier.
It also recorded a loss in fully diluted earnings per share of 13.5 cents from 14.1 cents previously.
… »

Cement producer Pretoria Portland Cement (PPC) on Wednesday admitted that internal investigations have revealed that the company was involved in market-sharing arrangements with other cement producers in the late 1990s.
The Competition Commission also confirmed that it has granted PPC conditional leniency from prosecution under the Competition Act, in exchange for… »