Archive for November 19th, 2009

Too many companies today to do them individually, so we have enlisted the services of an investment professional to analyse the raft of corporate results from JSE listed companies. Andrew Joannou from Afena Capital looks at SABMiller, Illovo, and… »

Beware the V shaped recovery. So says Max king, strategist at Investec Asset Management in London. But why? Surely the quicker we get out of this mess the better, and surely a V is better than a W or a U? Have a listen, it’s… »

The JSE was in the red by noon on Thursday, weighed by mining shares and weaker Dow futures amid profit taking, an equities trader said.
At 12:10 the JSE all share index weakened 0.34%, with resources losing 0.92%. Platinum miners eased 0.29% and gold producers gave up 1.83%.
… »

Junior gold producer Simmer & Jack Mines (Simmers, SIM) on Thursday said while Eskom’s planned electricity tariff hikes would not close operations, they would most certainly cost jobs.
Speaking in a telephonic interview with I-Net Bridge, Simmers COO Deon van der Mescht said that the South African power utility’s plans to… »

The total value of new credit granted declined from 51.87 billion rand in the quarter ended March 2009 to 50.93 billion rand for the quarter ended June 2009 - a decrease of 1.83% compared with the previous quarter and a decline of 40.52% compared with the previous year, the National Credit Regulator (NCR) said… »

The JSE was flat in early trade on Thursday with no firm direction from eastern markets, with a trader saying that Wednesday’s disappointing housing data in the US were still having an impact on the market.
However, the trader noted that positive momentum still in the market was limiting further… »

The South African Breweries Limited, SABMiller plc’s local operation, on Thursday announced a solid performance with a volume trend in line with expectations for the first half of the financial year.
In an economic environment marked by generally weak consumer spending despite a drop in headline inflation, SAB’s revenue grew by… »

Investec dividend per share 8 pence (2)
- Investec operating profit dn 10.7% to GBP216.0m
- Investec customer deposits up 23.6% to GBP18.0bn
- Investec HEPS 20.4p vs 25.6p
Johannesburg, Nov 19 (I-Net Bridge)   Investment Banking group Investec (INP, INL) on Thursday reported basic headline earnings per share of 20.4 pence for the six months to September 30, from… »

Investec, the international specialist banking and asset management group, announces today its results forthe six months ended 30 September 2009.

Highlights
• Investec has consolidated its position as a well capitalised, diversified, independent banking group
• Management has remained focused on managing risk, building capital and preserving liquidity at this stage in the cycle
o substantial growth… »

FIGHTING FATIGUE
USD/ZAR strolled back and forth between 7.48 and 7.40 yesterday. The unit is suspended below 7.50 and is likely to trade above this level today as the market appears to be suffering from fatigue. Having retreated to 1.48 earlier this week, EUR/USD is clawing its way back up to 1.50. The unit, however, but… »