Archive for February 24th, 2010

Red again, but a late recovery on the JSE spared its blushes. I-Net Bridge with the numbers, Wayne McCurrie and Lindsay Williams with the… »

A property isn’t a fast moving consumable –it’s an illiquid long term investment. Forget about the short term fads, the World Cup, and other distractions, and get back to basics. Chris Drummond from Benguela Cove Investments (Pty.) Ltd does just… »

Lindsay Williams chats to the founder and CEO Adrian gore about the latest chapter in this remarkable company’s history. … »

Andre Roux of Investec Asset Management casts a positive spin on the day’s inflation data and the electricity price hike. Chatting to Lindsay Williams…. »

South Africa’s consumer price inflation (CPI) came in at a better than expected 6.2% year-on-year (y/y) in January, but economists are divided over whether the rate will fall back within the Reserve Bank’s 3-6% target range in the next couple of months.
CPI was expected to have registered 6.4% year-on-year (y/y),… »

Following are economists’ reaction to the announcement by the National Energy Regulator of South Africa (Nersa) that power utility Eskom could increase its tariffs by 24.8% in April 2010. The power utility could then increase tariffs by a further 25.8% from April 2011 and another 25.9% from April 2012.
Dennis Dykes, chief economist at Nedbank:
… »

CPI inflation slowed to 6.2% in January – well below what the market expected – giving us great confidence that the middle of the target band will be reached by the middle of the year. Most of the broad categories contained in the inflation number are beginning to behave well and are consistent with… »

The National Energy Regulator of South Africa (Nersa) on Wednesday announced that power utility Eskom could increase its tariffs by 24.8% in April 2010.
The power utility could then increase tariffs by a further 25.8% from April 2011 and another 25.9% from April 2012.
This will allow Eskom… »

South African bonds extended their gains after NERSA announced that Eskom can increase tariffs by 24.8% for 2010/11.
By 12:30 they were trading up to 6 basis points firmer than their previous close.
Shortly after the announcement the short-term government R154 bond was bid at 7.115% and offered at… »

The increase in South Africa’s consumer price index (CPI), which is used by the South African Reserve Bank (SARB) for its inflation target, was up 6.2% year-on-year (y/y) in January from 6.3% y/y in December, Statistics South Africa (Stats SA) said on Wednesday.
CPI was at 0.3% month-on-month (m/m) - unchanged from… »