Archive for December 14th, 2009

Dubai set us off on a roll, but quite honestly it’s all a bit lame. The JSE did alright, but everyone’s winding down. Once the CPI and PPI and futures’ close out are out the way, brokers can legitimately relax and plan for next year. A top Johannesburg fund manager looks at the day’s action,… »

The energy of the western Cape’s Premier is extraordinary. She talks to Lindsay Williams about the her political and economic year, the country’s progress under President Jacob Zuma, and whether Cape Town is ready for the influx of currency wielding and lager swilling football fans. Plus a bit of… »

What a year for the poor, confused private client. Not so according to Andrew Finlayson, wealth planner at Citadel. Andrew runs through his and his company’s and his clients’ year, and offers sage advice for the next twelve… »

Dubai has received $10 billion from its neighbour Abu Dhabi to help Dubai World, the ailing state-owned conglomerate, repay a $4.1 billion Islamic debt which matures today.

A statement from the Dubai government said the extra $6 billion would be used to cater to the needs of Dubai World until the end of April 2010…. »

By Gareth Vorster
Johannesburg, Dec 14 (I-Net Bridge)   The JSE opened firmly in the black on Monday after Dubai confirmed it had received a $10 billion bailout from oil-rich emirate Abu Dhabi.
At 09:15 the JSE all share index was up by 0.74%, with resources up 1.11%, gold stocks up by 0.27% and platinum counters improving 0.76%.
Industrials… »

Johannesburg, Dec 14 (I-Net Bridge)   Technology group Altech (ALT) on Monday announced that a black economic empowerment (BEE) transaction valued at 1.5 billion rand.
The transaction involves the transfer 25% + 1 share in Altech’s wholly owned subsidiaries Altech Netstar and Altech Netstar Fleet Solutions.
Altech Netstar’s primary business focus is providing stolen vehicle tracking and recovery… »

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Another of Tiger Woods’s sponsors distanced themselves from him last night as public relations experts warned that the sex scandal enveloping the golfer could also destroy the commercial value of fellow sportsmen.

Accenture, the business consulting group, confirmed last night it was ending its sponsorship, saying he was “no longer the right representative” after the “circumstances… »

SA Today: Key events to watch, Monday Dec 14
— Altech briefing to announce new BEE partner.
WHAT TO WATCH FOR:
With no economic due out on Monday, local markets will be taking their cue from international markets. Dow Jones Newswires reported that Asian shares were lower Monday as Wall Street’s modest strength Friday failed to… »

LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to… »