Archive for March, 2010

Dull as ditchwater. Numbers brought to you by I-Net Bridge, and read by Lindsay… »

The North/South divide is being breached as the two institutions merge. The CEO of Metropolitan chats to Lindsay Williams about a deal that creates a new insurance based… »

A high profile EX-Metropolitan man chats to Lindsay Williams about the big JSE new story of the… »

South Africa recorded a trade deficit of 5.69 billion rand for its trade ith non-Southern African Customs Union trading partners in February after a deficit of 3.3 billion rand in January, according to Customs & Excise figures released on Wednesday.
A 1.0 billion rand deficit had been expected, a survey by… »

The Don Group (DON) on Wednesday reported a headline loss per share of 3.55 cents for the six months ended December 2009 from HEPS of 0.15 cents a year ago. No dividend has been declared or paid.
The group incurred a headline loss of 10.5 million rand in the period… »

FirstRand to unbundle merged entity to facilitate transaction and unlock value for shareholders

In a joint statement today FirstRand, Momentum and Metropolitan announced that they have reached agreement to merge Momentum and Metropolitan to create a major new South African insurance group.
Commenting on the transaction Wilhelm van Zyl, CEO of Metropolitan, believes the proposed business… »

Firstrand (FSR), Metropolitan (MET) and Momentum have reached an agreement for the merger of Metropolitan and Momentum, the companies said Wednesday.
The proposed merger will create a leading insurance-based financial services group and will significantly expand the product offerings, target markets and growth prospects of Momentum and Metropolitan in South Africa and elsewhere… »

Mar 31 (I-Net Bridge) - Capitec Bank (CPI) on Wednesday reported a 44% increase in headline earnings per share to 527 cents for the year ended December 2009 from 366 cents a year ago. Diluted HEPS were 42% higher at 511 cents per share.
A final dividend of 155 cents… »

Johannesburg, Mar 30 (I-Net Bridge)   South African equities and stock futures ended in lower on Tuesday on the back of some profit-taking and a downturn in the Dow.
The rand on the other hand was remained firm in late trade in line with other emerging market and commodity based currencies.
Wednesday sees the release of trade data… »

Global miners have passed a milestone in their efforts to change the way iron ore benchmark prices are set by convincing major steelmakers to adopt prices more closely linked to the spot market.

BHP Billiton said on Tuesday that a “significant number”of Asian steelmakers had agreed to move from the 40-year-old pricing system based on annual… »