Archive for December 1st, 2009

The Dubai crisis took another twist today when the emirate’s ruler criticised global investors for failing to understand the debt restructuring that is now taking place at Dubai… »

Johannesburg, Dec 1 (I-Net Bridge) - South African stocks ended 383 points firmer on Tuesday, pushed higher by resources and gold stocks amid positive global momentum, an equities trader said.
At 17:00 the JSE all share index had added 1.42%, with resources up 2.17%, gold miners rising 4.74% and platinum producers collecting 0.85%.
Banks firmed 1.05%, financials… »

The third quarter saw us becoming more confident about our own finances, less so about the overall economy, but overall the FNB/BER CCI was up , and encouragingly so. Cees Bruggemans, the chief economist at FNB runs through the numbers with… »

A reading above 50 index points denotes an expansion in manufacturing activity. The latest number, released on Tuesday came in above 50 for the first time in 18 months, and rose for the fourth straight month. Andre Coetzee of Kagiso looks at the… »

He failed in the States, has had mixed success in the UK, but China beckons for one of South Africa’s most innovative entrepreneurs. Adrian Gore, CEO of Discovery Holdings, talks to us about an intriguing and ground breaking deal with a Chinese insurance… »

How many times have you been stuck in front of the telly watching South Africa competing and fancied a flutter? Not always that easy unless you have some dodgy friends or an overseas account. That’s soon to change, with the entry of a prominent UK based bookmaker, Victor chandler. We talk to the CEO,… »

M3 Money Supply & PSCE Growth (October: 3.2% and -0.4% respectively) PSCE growth declined further in October, recording the first y/y decline in credit extension on record at -0.4% y/y from 1.5% y/y in September.  The decline in credit growth has been anticipated following the consistent decline in PSCE growth throughout 2009. The substantial rise… »

Johannesburg, Dec 1 (I-Net Bridge)   The FNB/BER consumer confidence index made further gains into positive territory in the fourth quarter as it rose by five points to +6, suggesting a small majority of urban South African adults feel confident at this time.
Even greater majorities continued to feel positive about the economy’s outlook (+16) and about… »

South African power utility Eskom on Tuesday confirmed that it has reviewed its tariff application 10% downward.
The utility, which earlier asked for a 45% increase in electricity tariffs for each of the next three years, has reduced its request by 10% to 35% in each of the next three years…. »

Johannesburg, Dec 1 (I-Net Bridge) – The gold price looks set to breach the US$1,200 an ounce mark after it resumed its upward climb on Tuesday.
The precious yellow metal was last quoted almost US$15.40 up at US$1,195.15 an ounce after touching a fresh record high of US$1,199.50 during the morning’s trade.
Gold’s steady climb above the… »