Archive for November 12th, 2009

Investec Asset Management’s Max King talks us through the current global monetary policy stance. Norway and Australia have started raising; who’s next, and what will be the… »

The cautionary on this company has been in place for 3 weeks, but today Resultscast focuses on the books of the brokerage house. Super smooth CEO Andile Mazwai talks to Lindsay… »

Eskom’s former CEO Jacob Maroga will not receive a golden handshake, acting chairman and CEO Mpho Makwana confirmed on Thursday.
“Maroga resigned and will therefore receive no golden handshake,” he said at a media briefing called to clarify the confusion over Maroga’s resignation.
Makwana confirmed that Maroga, who worked… »

Embattled South African power utility Eskom hopes to have a new chairman and CEO within six months.
Speaking at a media briefing on Thursday clarifying the board’s position on the resignation of CEO Jacob Maroga, acting chairman and CEO Mpho Makwana said that the board had on Wednesday night approved the process… »

Eskom CEO Jacob Maroga is gone. At a media conference at Megawatt Park on Thursday the Eskom board presented a united front, confirming that Maroga’s resignation had been tendered and accepted.
Acting chairman and CEO Mpho Makwana said the board had been clear on Maroga’s position from the time he… »

Johannesburg, Nov 12 (I-Net Bridge) – South African gold production has dipped by 15.9% year-on-year (y/y) in September from a revised –8.4% y/y (–11.5%) in August, it was reported by Statistics South Africa on Thursday.
The base year of the data has changed from 2000 to 2005.
… »

The world’s major central banks have run aggressively easy monetary policies since the onset of the financial crisis last year to forestall the risk of a downward spiral into deflation. This stance appears to have worked and the debate is now gradually shifting towards the formulation of monetary stimulus “exit strategies”.

In most countries,… »

In an overview of the All Share Index from January 1968 to the present, he shows that over the past 41 years, August has been a far more volatile month. This is thanks to the single worst monthly performance on record, which occurred in August 1998, when losses were recorded of close to 30%,… »

The Johannesburg Stock Exchange (JSE) on Thursday moved to impose a censure on telecommunication supplier Huge Group (HUG).
It follows findings from the JSE in respect of the Huge Group’s acquisition of Single Stock Futures positions from two executive directors of Huge, James Herbst and Anton Potgieter and the resultant repurchases… »

South African stocks nudged a fraction down in the opening salvo on Thursday as a result of profit taking following a good run over the past week. Asian stocks also declined.
At 09:12 the JSE all share index had subsided 0.20%, with resources down 0.40% and platinum producers falling 0.30%, but… »