Archive for February 4th, 2010

Gold Fields kicked off reporting season with a glistering set of quarterlies. But the storm clouds are gathering for gold and those South Africans that still mine it. Nick Holland the CEO of Gold Fields talks frankly to Lindsay… »

Jeremy Gardiner, director of Investec Asset Management in Cape Town talks to Lindsay Williams of investor inflows, investor behaviour, and the markets that are driven by the… »

Emerging market equity funds lost $1.6 billion in weekly withdrawals, the biggest outflows in 24 weeks, as earnings and Greece’s debt woes raised concerns that the global recovery may falter, EPFR Global said.

Investors removed almost $1 billion from global emerging market stock funds in the week ended Feb. 3, the most in more than… »

Imperial H1 total HEPS seen at 476-521c vs 432c
Johannesburg, Feb 4 (I-Net Bridge) - Imperial Holdings (IPL) said Thursday that for the half year ended December 2009, its total headline earnings per share are expected in a range of 476 to 521 cents, compared with 432 cents a year ago. Total earnings… »

China Syndrome Part 1 - The Unbalanced Bicycle
by Satyajit Das
The China Syndrome
In 1971, Ralph Lapp, a nuclear physicist, used the term “China syndrome” to describe a hypothetical nuclear reactor meltdown where the molten core breaches containment barriers and melts through the crust of the Earth reaching China. The economic equivalent of the China Syndrome describes… »

The JSE opened firmly in the red on Thursday amid negative global sentiment that saw a softer US close, with Asia also down.
A local equities dealer noted poor commodity prices and a firmer dollar, as weighing on the local bourse.
At 09:29 the JSE all share index… »

As SA claws its way out of the recession, it faces a nasty head wind - the rand is too strong for SA exporters to be competitive. This means SA’s growth will be too weak to create many new jobs this year. Claire Bisseker asks: should the SA authorities intervene or should they leave the… »

JOHANNESBURG. 4 February 2010, Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the December 2009 quarter of R1,409 million compared with earnings of R1,007 million and R483 million in the September 2009 and the December 2008 quarters respectively. In US dollar terms net earnings for the December 2009 quarter was US$187… »

Jasco H1 dil HEPS 9.7c vs 20.6c
Johannesburg, Feb 4 (I-Net Bridge) - Jasco Electronics (JSC) on Thursday reported diluted headline earnings per share of 9.7 cents for the six months ended December 2009, down 53% from the 20.6 cents for the six months ended August 2008.
The company changed its year end from… »

House prices are showing early signs of recovery after falling for at least a year. And mortgage rates are at or close to their bottom. But aspiring homeowners, who hope to take advantage of the turn in the property cycle, have a lot of sums to do.

The first problem is that economists are divided on… »