Archive for February 10th, 2010

The JSE turned tail on Wednesday, albeit in rather modest dealings. Wayne McCurrie from RMB Asset Management in Johannesburg looks at the action and at the same time pooh-poohs the PIGS problems. In conversation with Lindsay… »

Lindsay Williams talks frankly to the CEO of the South African arm of the world’s largest steel maker. Nku talks of a dreadful year, the prospects for the future, and why Eskom tariffs are quite simply… »

Chris Drummond, chairman of Benguela Cove Investments (Pty.) Ltd, looks at the changing of the property season and the new found optimism in an asset class that has started to reassert itself. Chris chats to Lindsay… »

Investment Solutions, SA’s leading provider of multi-manager investment portfolios, has released its February Asset Manager survey which points to ongoing uncertainty in global financial markets, despite brighter economic prospects.
The twice yearly survey gauges the economic and financial market views of fourteen of South Africa top-ranked asset managers.
… »

Discovery Holdings (DSY) said Wednesday that for the six months ended December 2009, its headline earnings per share is expected to be between 45% and 55% higher than the corresponding reporting period of the previous year, and earnings per share is expected to be between 60% and 70% higher than a year ago.
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· The economy created 89 000 jobs on a net basis in Q4.09, after shedding 959 000 jobs in the previous three quarters. The unemployment rate reduced slightly to 24.3% from 24.5% in Q3.09;
· The rise in employment was driven by… »

2010 has seen a welcome dose of reality return to global stock markets. Aside from a miserable first quarter, last year was characterised by strong equity markets. They blissfully ignored any bad news, as they rocketed up, almost eclipsing the carnage of the previous 9 months. Markets revelled in a recovering world, leaving… »

ArcelorMittal FY dil h’line loss 104c/share (4)
- ArcelorMittal FY loss R478m vs R9.38bn profit
- ArcelorMittal production down 8% to 5.3m tonnes
Johannesburg, Feb 10 (I-Net Bridge) - ArcelorMittal South Africa (ACL), the South African arm of the world’s largest steel producer, on Wednesday reported a reversal of earnings by posting diluted headline earnings per… »

Johannesburg, Feb 10 (I-Net Bridge) – The latest Blue Ink All South African Hedge Fund Composite (BIC), out on Wednesday, found that local hedge funds were able to offer investors lower volatility than equity funds during 2009.
The composite, which tracks the performance of around 100 hedge funds… »

Pan African Resources (PAN), the African-focused gold mining company, on Wednesday reported diluted headline earnings per share of 0.36 pence for the six months to end December 2009, from 0.35 pence a share for the same period the year before.
Revenue was16.5% higher to GBP 29 million from GBP 24.9 million… »