Archive for February 15th, 2010

The JSE roared ahead today and it remains a mystery. Thin conditions perhaps, with the US being closed and China off for the whole week. Or glorious anticipation of a good budget and results from a raft of local companies. We… »

A poor set of numbers, as expected, but made worse by ‘raising equity capital’. We chat to the CEO, Alan… »

This week Citadel’s Carol Axten looks at how to best manage a pension if retrenched, sacked, or moving… »

By Gareth Vorster
Johannesburg, Feb 15 (I-Net Bridge) - A leading economist expects no major fireworks from equities on the local bourse when Finance Minister Pravin Gordhan delivers his maiden budget speech on February 17.
Patrice Rassou, senior portfolio manager at Sanlam Investment Managers said that in the same vein as the 2009 budget,… »

By Gareth Vorster
Johannesburg, Feb 15 (I-Net Bridge) - Leading economists expect the Budget will be a difficult one and Finance Minister Pravin Gordhan is likely to have very little room to manoeuvre when he presents his maiden budget on February 17, particularly with inflation targeting and its likely effect on bonds.
However,… »

America’s on holiday today, China’s off for the whole week, and It’s Budget week in South Africa. The JSE’s reporting season goes flat out this week culminating in Anglo’s numbers on Friday. And then there’s Greece….we look forward to a busy period…. »

Johannesburg, Feb 15 (I-Net Bridge) - Leading economic indicators suggest that the domestic economy is now officially out of recession.  And in line with forecasts for a steady recovery in the global economy, South African GDP is forecast to grow by 2,4% in 2010 and by 3,2% in 2011.
This is the view of Daryll Owen,… »

Johannesburg, Feb 15 (I-Net Bridge) - Few surprises and even fewer tax breaks await tax payers when Finance Minister Pravin Gordhan delivers his budget next week, Efficient Group economist Dawie Roodt says.
Roodt predicts one of the sectors which will feel some pain could be the motor industry.
“If government introduces its planned carbon emissions tax on… »

By Angus Macmillan
Johannesburg, Feb 15 (I-Net Bridge) - As Finance Minister Pravin Gorhan prepares to deliver his maiden national budget on Wednesday February 17, it’s hard not to feel a tad sorry for the man who so ably transformed the South African Revenue Service into a highly effective gatherer of taxes.
In rugby… »

A FISTFUL OF WORRIES
Friday left us with no shortage of issues to worry about. Just before its week long New Year holiday China hiked its Bank reserve requirement ratio (from 16.0% to 16.5%) causing consternation in commodity markets. EU 4Q09 GDP (up only 0.1% q/q) suggested that the area’s economy might already be slowing, with… »