Archive for November 18th, 2009

South Africa’s not spending, so why are retail stocks so buoyant? This country’s finest retail analyst chats to Econocast about the latest set of data that confirms that we are still in a recession. Syd Vianello from Nedcor Securities is at your… »

Build a home? Not a chance is the conventional wisdom from thiose that have been unfortunate enough to endure the experience. BUT, according to Chris Drummond, the CEO of Benguela cove Investments (Pty) Ltd,
if one does it properly, it can be immensely rewarding. Chris chats to Lindsay Williams on the… »

Trading Statement
Shareholders are advised that the Naspers group is presently finalising its interim report for the six months ended 30 September 2009.
We expect core headline earnings per share to be between 30% and 40% higher than the comparable period’s 476 cents. Shareholders are reminded that the board considers core headline earnings an appropriate indicator of… »

A firming of resource counters saw the JSE edge higher into the black by noon on Wednesday in what a local trader said was an inflow of money to emerging markets.
At 12:04 the JSE all share index had collected 0.53%, with resources up 0.97%. Platinum miners collected 0.57% and… »

South African bonds gained a little mustard at the margin during the course of the morning on Wednesday as some value was seen on the curve.
By 11:45, the short-term government R154 bond was bid at 7.265% from a previous close of 7.205%. The medium-term R157 was at 8.370% from… »

South African retail trade sales at constant (2008) prices for September were recorded at –5.1% year-on-year (y/y) from a revised –6.5% (–7.0%) in August, figures released on Wednesday by Statistics South Africa show.
Retail trade sales, at constant (2008) prices, for the third quarter of 2009 reflected a decrease of 5.2%… »

New central bank Governor, Gill Marcus, came across confidently on Tuesday and was prepared to answer many broader questions about her role, mandates and policy, reassuring the market, according to an international economist on Wednesday.
These comments followed Marcus’s first repo announcement on Tuesday, in which the Monetary Policy Committee (MPC)… »

The South African Chamber of Commerce and Industry’s (SACCI’s) Trade Activity Index (TAI), which reflects current trade conditions, declined to 51 in October 2009 from 53 in September 2009, it was announced on Wednesday. This is, however, only the second month since November 2007 that the TAI was in positive territory.
… »

Pursuing an endlessly depreciating currency is not the answer as it affects living standards and purchasing power, but some temporary rand weakness could help SA move a little faster away from its recent recession toward growth, according to an economist on Wednesday.
“The emphasis really needs to be on the word… »

Although market conditions have been very challenging, global ICT group Dimension Data (DiData) has managed to ensure profitability over the past year. Through its diverse revenue streams, the group has ensured that its operating margins remain strong and that it maintains a healthy cash position.

DiData released full year results today, revealing a 0.4% growth in… »