Archive for November 23rd, 2009

David Woollam, director of ABIL, runs us through the microlender’s last year. Slightly below par considering what its peers have achieved, but there’s high hopes for 2010 and beyond. Resultscast chats to… »

Citadel’s John Kennedy spoke to us a while back about behavioural finance when the markets were on their knees. Now that the markets are in the stratosphere, we replay that chat in an attempt to apply similar principles to both extreme market… »

Nampak full yr dil HEPS dn 51.2% to 85.3c (3)
Johannesburg, Nov 23 (I-Net Bridge)   South African packaging group Nampak (NPK) on Monday reported diluted headline earnings per share of 85.3 cents for the year ended September 2009 from 174.7 cents a year ago.
HEPS were down 52.7% at 83.8 cents from 177.3 cents before, due to… »

Telkom int HEPS down 37.9% to 242c (3)
- Telkom basic EPS down 141.2% to 150.2c
- Telkom operating revenue up 4% to R18.7billion.
- Telkom Interconnect revenue up 52.5% to R1.46bn
Johannesburg, Nov 23 (I-Net Bridge) - Telecommunications group Telkom (TKG) on Monday reported interim headline earnings per share down 37.9% to 242 cents for the six months… »

“If you have money to invest, there is no safer haven than something rare,” says Laurence Graff, the London-born “King of Diamonds”. If this is sales talk, he is his own best customer. In December 2008, during some of the bleakest days of the credit crisis, Mr Graff paid $24.3m for the 35.56-carat, 17th-century Wittelsbach… »

“THE world’s attention is back on your cause.” That was Bill Gates talking to agricultural scientists gathered recently to honour the late Norman Borlaug, father of the Green Revolution. The tycoon-turned-philanthropist was right. This week, the world—in the guise of 60-odd heads of state including the pope—held the first United Nations food summit since 2002…. »

Nov. 23 (Bloomberg) — The most accurate dollar forecasters predict the world’s reserve currency will continue sliding even when the Federal Reserve begins to raise interest rates, which policy makers say is an “extended period” away.

Standard Chartered Plc, Aletti Gestielle SGR, HSBC Holdings Plc and Scotia Capital Inc. say the dollar will depreciate as… »

Despite the global economic downturn, healthcare services group Netcare (NTC) turned in a solid performance for the year ended September 2009.
Netcare Group CEO Dr Richard Friedland said an increased demand for private healthcare services in South Africa, a robust performance within the UK and substantially enhanced efficiencies throughout its operations all… »

South African microlender African Bank Investments Limited (ABIL, ABL) said on Monday that although its financial performance for 2009 was below expectations, it expects an improved performance in 2010.
This, it says, will be due to a gradual improvement in sales performance, a better-quality debtors book and the repositioning of its… »

Johannesburg, 23 November 2009 - Property loan stock company Vukile grew its distribution to its linked unit holders for the six months ended 30 September 2009 by 6.6% despite higher vacancies, increasing bad debt and pressure on rentals.

Net rental income, exclusive of straight-line rental accruals, increased by 9.8% to R357.4… »