Archive for January 18th, 2010

The similarities between China today and Japan in the 1980s may look ominous. But China’s boom is unlikely to give way to prolonged… »

    Johannesburg, Jan 18 (I-Net Bridge)   South African stocks and futures ended in positive territory on Monday amid a quiet day as the US celebrated Martin Luther King Day. The rand was little changed however from its overnight levels.
EQUITIES
   South African stocks ended in positive territory on Monday amid a quiet day as the US… »

All the closing and latest prices from I-Net Bridge, expertly analysed by Patrick Mathidi, portfolio manager at RMB Asset Management in Johannesburg. The day started poorly, but the patient recovered after lunch. Patrick speaks to Lindsay… »

Syd Vianello is this country’s most scarily knowledgeable analyst on all things to do with this country’s purveyors of groceries, apparel, and durable goods. A rash of trading advisories is analysed by the man, prompted by Lindsay… »

It’s now 5 months in a row for factory expansion. Rally off a low base, or the REAL THING. Andre Coetzee from Kagiso reviews the Kagiso purchasing manager’s index (PMI), and speculates on whether the upward trend can… »

Oliver Dresner is part of the Citadel team in Cape Town that irons out the peaks and troughs of market emotions that characterise most of our financial lives. He looks back at 2009, and of course offers sage advice for… »

While Asian markets ended mixed on Monday with most in the red, South African stocks managed to stay in the black, held aloft by stronger commodity prices which boosted gold and resource counters.
By noon, the JSE all share index was up 0.22%, with gold miners up 0.23% and resources up… »

Kagiso PMI enjoys fifth consecutive rise
Johannesburg, Jan 18 (I-Net Bridge) - The seasonally adjusted Kagiso PMI increased to 52.5 index points in December from 50.3 during November, which is the fifth rise in a row, it was announced on Monday.
“In the wake of the longest and most severe decline in the factory sector since the… »

HIGHLIGHTS

§ Clicks turnover up 15.7%
§ Retail sales up 13.4%

RETAIL TRADING

Clicks Group increased retail sales by 13.4% for the 18 week period to 3 January 2010.

This performance is due to the continued strong trading results from the Clicks chain which grew turnover by 15.7%, driven by the growth in the… »

South African banking profits continued to fall in the 4th quarter of 2009, fuelled by sustained weak credit demand and low transaction volumes, a survey released by Ernst & Young on Monday indicates.
The survey found that banking confidence fell from a revised 41 index points in the 3rd… »