Archive for January 21st, 2010

After the biggest fall of the year thus far in the US last night, the JSE had every right to a soggy session. China’s remarkable economic data released overnight was a double edged sword; too far, too fast? Graeme Korner from BOE Private Clients talks us through the… »

Lindsay Williams talks to the Head of Global Strategy at Investec Asset Management in London. On the agenda, US politics, Chinese growth, inflation, bonds, PIGS, and… »

South Africa flogs buckets of wine to the UK, but those rapacious poms shave our margins to the bone. Nonetheless, we’re on a par with France in terms of exports to that miserable country, and the CEO of Wines of South Africa expands on that statistic and the prospects for the… »

A premature withdrawal of fiscal stimulus globally could cause a double-dip recession, with the slowdown among developing economies then likely to be even more severe, according to a pre-release of a key global economic report on Thursday.
Contributor to the latest UN World Economic Situation and Prospects Report 2010, Professor Charlotte… »

By Jacqueline Mackenzie
Johannesburg, Jan 21 (I-Net Bridge) - This week’s report on South Africa from global ratings agency Standard & Poor’s, while largely highlighting the positives, does contain some subtle hints. The ratings agency has South Africa’s foreign currency rating at BBB+/Negative/A-2 and the local currency rating at A+/Negative/A-1. S&P downgraded… »

Grindrod (GND) said Thursday that it expects its earnings per share and headline earnings per share for the financial year ended December 2009 to decrease by between 55% and 65% compared to the previous year.
EPS and HEPS for the year to end December 2008 were 475.7 cents and 511.7 cents respectively…. »

The South African rand softened in the midday session on Thursday, in response to a firmer US dollar, which reacted to comments from US President Barack Obama to curb the size of risk taken by large US financial institutions.
The US president is expected to flesh out his proposals today, with a… »

POLITICIANS tend to tar all bankers with the same brush. The results unveiled this week by America’s financial giants were, however, far from uniform. Citigroup and Bank of America (BofA) posted thumping quarterly losses. Morgan Stanley eked out a modest gain. Wells Fargo and JPMorgan Chase made healthy profits. Goldman Sachs is expected to report… »

New Year’s resolutions have been broken, Christmas debt is becoming a harsh reality and the last time you received a pay check was so long ago you cannot even recall.

This is Monday, January 25, 2010 ‘the most depressing day in history’, according to a U.K. psychologist.

Luke Hirst, MD of debt experts Debtbusters, says, ‘Last… »

Market View – December 2009, by Matt Brenzel, Portfolio Manager at Cadiz Asset Management
In this issue of Market View, Cadiz Asset Management portfolio manager, Matt Brenzel relates an interesting observation made originally by Prof Jeremy Siegel of Wharton, the well-known business school that forms part of the University of Pennsylvania. Siegel has noted that… »