Archive for January 20th, 2010

Yet another mixed session for the JSE, but a couple of distinct differences have emerged today; 1) The rand has broken to the downside 2) The US markets were clattered on the opening. Today’s action brought to you by I-Net Bridge and analysed by a leading Jo’burg based fund… »

Woolies trading update was impressive; retail sales data for the economy as a whole was anything but. Lindsay Williams chats to a retail fund manager about the two pieces of data, and extracts the fellow’s top picks for the… »

Our regular weekly property feature, featuring Chris Drummond, chairman of Benguela Cove Investments (Pty) Ltd. We talk tonight about developers promises, banks, and interest… »

Diamond giant De Beers believes it should continue to drive demand for diamonds at the retail level, said De Beers group managing director Gareth Penny.
Penny, who was addressing a DTC Sightholder Reception in London on Tuesday night, said the group must come up with new strategies and business models to… »

The diamond industry has survived the worst and is poised to capitalize on a “new normal” as the recession gives way to recovery.
Addressing a DTC Sightholder Reception in London on Tuesday night, De Beers chairman Nicky Oppenheimer said he was cautiously optimistic that the worst is behind.
… »

Retail sales for the year to November, which declined by a very disappointing 6.6%, clearly show that the consumer remains in distress. Based on normal seasonal patterns, November’s retail sales number is usually appreciably stronger than October. This time, however, we have seen only the barest of increase, which reinforces the point that the consumer… »

Johannesburg, Jan 20 (I-Net Bridge) - South African retail trade sales at constant (2008) prices for November were recorded at -6.6% year-on-year (y/y) from a revised -6.1% ( 6.5%) in October, figures released on Wednesday by Statistics South Africa show.

Retail trade sales, at constant (2008) prices, for the quarter to November 2009 reflected… »

TRADING UPDATE
Woolworths Holdings group sales increased by 9.3% for the 26 weeks to December 2009 (”the period”) compared to the same period in the previous year. Comparable store sales growth for the period was 4.4%.
Sales growth   Comparable       Price   Growth in
26 weeks to stores sales    movement       space
December       growth
2009
SA Retail                            9.1%         4.9%
Woolworths                           9.7%         6.2%       11.8%        7.1%
- Clothing… »

Jan 20 (Reuters) - China has started slowly pulling in the reins on credit growth and liquidity to stave off inflationary pressures and prevent the world’s third-largest economy from… »

Wholesale trade sales at constant (2000) prices for November declined to –13.0% year-on-year (y/y) after declining a revised –11.4% (-11.5%) in October, Statistics South Africa data showed on Wednesday.
Wholesale trade sales grew at 5.9% in 2008 and 6.3% in 2007, but have been negative for each month of the year… »