Archive for December 8th, 2009

Strong dollar, weak rand, the opening US markets looking awful, gold and other commodities suffering, and the JSE appears tired. Garth McKenzie, one of this country’s finest young trading minds reviews the day and looks forward to the final few weeks. He sounds cautious, and gives us key technical levels to watch out for both… »

Chris Hart, chief economist at Investment Solutions in Johannesburg, talks to us about the turbulent last 12 months. He’s an unapologetic sceptic on the stimuli that have propelled markets to their current lofty heights. High praise for local policies and actions is tempered by fierce criticism of the conduct of overseas counterparts, particularly that… »

The best selling author of ‘Traders, Guns and Money’, and world authority on derivatives, talks exclusively to Econocast about the year just passed through his eyes, and makes predictions about 2010. Only on Bizcast, interviewed by Lindsay… »

Cullinan Holdings FY headline earnings up 194% (2)
Johannesburg, Dec 8 (I-Net Bridge)   Despite a poor first half, travel and tourism group Cullinan Holdings saw headline earnings increase 194% from 4.972 million rand to 14.636 million rand for the year ended September.
Diluted headline earnings per share increased from 0.69 cents to 2.04 cents.
Revenue for the year… »

Johannesburg, Dec 8 (I-Net Bridge)   Although US President Obama’s approval ratings have fallen from his 100-day level of 68% to just below 50%, the same is not true of President Jacob Zuma, whose 100-day approval rating was 57% and is now at a new high of 58%. Zuma’s rating had dropped to 53% in September.
TNS… »

Dubai is not the only place in the Gulf to make money or to lose it

IN A Dubai branch of Nando’s, a restaurant serving flame-grilled chicken, a sign informs customers that “Our neighbours are rich in oil. Not us.” That may reassure the restaurant’s cholesterol-conscious patrons, but it is ruining the appetite of Dubai’s creditors…. »

DELEGATES turning up to the 15th Conference of the Parties to the UN Framework Convention on Climate Change—known as the Copenhagen conference—face a fortnight of negotiation, beginning on Monday December 7th, almost as rich in complexity as in hyperbole. The range of different possibilities in the negotiations means that there is, potentially, something for everyone,… »

By Evan Pickworth
Johannesburg, Dec 8 (I-Net Bridge)   South Africa’s current account deficit is expected to have reached a deficit of  3.3% of GDP in the third quarter from the  3.2% deficit seen in the second quarter, according to a survey by I-Net Bridge.
The range of forecasts among the 14 leading economists surveyed ranged from  4.7%… »

Johannesburg, Dec 8 (I-Net Bridge) - Global brewing giant SABMiller plc (SAB) on Tuesday announced the detailed terms of its proposed broad-based black economic empowerment transaction in South Africa.
The deal, valued at 7.3 billion rand, or US$988 million, will result in 8.45% of its South African subsidiary, The South African Breweries Limited, being held by… »

Bernanke says economy improving
Click here for full… »