Archive for December 10th, 2009

Graeme Korner, portfolio manager at BOE Private Clients, has a look at today’s bullish action on the JSE, casts a jaundiced eye back at the previous months, and with the help of Michael Power tries to strategise for the next investment year. Lindsay Williams interviews Graeme… »

Michael Power spent 150 days on the road last year, selflessly evaluating other countries’ economies on behalf of Investec Asset Management and ourselves. He’s illuminated our airwaves and cyberspace for the last year with his articulate and erudite commentary on the events that shaped the world during the year that’s almost passed. Listen to his… »

Helen Zille, the leader of the Democratic Alliance, gave President Jacob Zuma nine out ten for charm, but only one out of ten for his defence of the constitution. So his overall rating in the eyes of the DA is three out of ten.
It’s that time of the year when… »

The JSE retreated further into the red by midday on Thursday, albeit still relatively flat amid thin volumes and showing gradual loss of demand, according to a local trader.
At noon the JSE all share index was off 0.30%, with resources edging down 0.63%, and platinum miners eased 1.02%. Gold miners… »

The 3Q09 balance of payments data contained little in the way of surprises. The current account balance, at 3.2%, was in line with market expectations - although the 2Q09 deficit was revised up slightly to 3.4% from 3.2% of GDP.

As expected the trade account showed a marginal improvement, rising to R21.1bn (seasonally adjusted and annualised… »

The average net daily turnover in the domestic market for foreign exchange decreased marginally to $14.5 billion in the third quarter from $14.6 billion in the second, the South African Reserve Bank (SARB) said on Thursday in its latest quarterly bulletin.
The SARB noted that the elevated levels of activity in… »

South Africa recorded a current account deficit on its balance of payments of -3.2% of GDP in the third quarter of 2009 from a revised -3.4% (-3.2%) in the second, the smallest since the second quarter of 2005 when it was -2.7%, the South African Reserve Bank’s latest Quarterly Bulletin has revealed.
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When house prices were rocketing by up to 30% a year over the past few years, buyers had little time to really look around. Now that the market is in recession, time is on the buyers’ side.

“The market has turned the corner, with sales volumes about 20% up from their lows and price inflation marginally… »

Johannesburg, Dec 10 (I-Net Bridge)   South African mining production fell by 8.5% year-on-year (y/y) in October from -11.3% in September, Statistics South Africa reported on Thursday.
Production for the three months between August and October 2009 was 9.3% lower than in the same three months of 2008.
Total mining production for the three months to end October… »

The JSE was flat in the morning session on Thursday with very little direction to speak of. Gold moved slightly higher and the bourse was expected to show a mild rebound following a sell off yesterday, according to a local trader.
At 09:27 the JSE all share index added 0.05%,… »