Archive for February 3rd, 2010

Johannesburg, Feb 3 (I-Net Bridge)   The JSE ended firmer on Wednesday led in main by resources and platinum miners, however the local bourse came off its earlier highs amid a flat US opening and a downturn in European markets which saw the local futures bourse also end flat. The rand was marginally weaker but still… »

Part 2 of our exclusive chat with arguably the world’s leading derivatives authority, Satyajit Das, who moves on from his Big Fat Greek Tragedy and looks at Paul Volcker’s plans to clip the wings of the Big Fat Investment Banks. Plus… »

Chris Drummond, the chairman of Benguela Cove Investments (Pty) Ltd discusses the chance of a property asset becoming a liability. Golf estates need maintaining, and you have to pay if you are lucky (?) enough to live on one. Be careful. Essential listening if you’re planning that dream… »

The annual average wage for full-time employees rose by 2.6 per cent to £25,800 in 2009, according to The Office for National Statistics’ Annual Survey of Hours and Earnings.

The data, which covers the average pay for full-time workers covering nearly 300 trades and professions, also found that public sector workers enjoyed average rises of 2.8… »

Global mining majors Anglo American (AGL) and BHP Billiton (BIL) are reportedly eyeing investments in South African power utility Eskom.
The firms, which have operations in South Africa, are believed to be concerned over security of supply.
Large mining companies have warned that they would… »

Domestic equity funds attracted net inflows of 10.8 billion rand for the year, breaking a three-year shun as an asset class by local investors, the Association for Savings and Investment South Africa (ASISA) said on Wednesday.
In 2006, 2007 and 2008, domestic equity funds recorded net outflows, with money market funds,… »

Uranium explorer Extract Resources on Wednesday said its Rossing South project had the potential to produce more than 15 million pounds of uranium oxide a year, making it the second largest uranium mine globally.
“Rossing South is the most important uranium discovery in recent years,” Extract Resources chairman Steve Galloway told… »

Many equity managers tend to have something hardcoded into their DNA that results in them always being positive on the markets. Right now, the bulls are focused on what will clearly be an impressive pick up in earnings growth in 2010. Many currently favour the cyclical shares that would benefit from a strong… »

The JSE remained firm at noon on Wednesday, led by gains in resources and platinum miners. This was largely in line with world markets, where resources stocks are also a feature.
At noon the JSE all share index was 0.97% higher, with resources up 1.48%, platinum miners collecting 2.25% and gold miners… »

Officially, South Africa’s economy exited recession in Q3-2009, growing by 0.9%q/q SAAR. But what was noteworthy about the Q3 growth data was that real final consumption expenditure by households, which had been contracting on a q/qannualised basis since Q3-2008, was still negative. According to the South African Reserve Bank’s (SARB’s) latest policy statement, consumption likely… »