Archive for March 2nd, 2010

Another up day for the local exchange. Numbers brought to you by I-Net Bridge, analysis by Garth McKenzie of Imara SP Reid in… »

Not a share for widows and orphans in the recent past, but one of the best performers on the JSE today. A year ago Terence Goodlace took over as CEO; today Terence describes to Lindsay Williams a turbulent but ultimately constructive year for the base metal producer. … »

We’re buying more cars suddenly, which implies that we’ve more money and that the banks are loosening up a bit. Jeff Osborne from the Retail Motor Industry Association of South Africa tells all. In conversation with Lindsay… »

Johannesburg, Mar 2 (I-Net Bridge)   International furniture group Steinhoff (SHF) on Tuesday reported diluted headline earnings per share of 112.8 cents for the six months ended December 31, 2009, versus 114.3 cents previously.
The group recorded fully diluted earnings per ordinary share of 111.6 cents against 117.1 cents earlier.
Revenue was at 24.846 billion rand, from 25.94… »

The South African Breweries (SAB) said Tuesday that with an estimated 450,000 visitors expected to visit South Africa during the FIFA World Cup period, it anticipates a 4-6% increase in demand for beer over the five week period.
SAB has outlined details of its preparations to ensure the country is fully stocked… »

Johannesburg, March 2 (I-Net Bridge) - Aggregate new vehicle sales during February 2010 at 39,312 units represented a 20.5% year-on-year increase on the 32,613 vehicles sold during the corresponding month last year, the National Association of Automobile Manufacturers of South Africa (NAAMSA) reported on Tuesday.

The figure was 3.3% up on… »

Countering tough economic conditions, major JSE retail property fund Hyprop Investments demonstrated the resilience of its shopping centre portfolio with 6.5% growth in distributions to unitholders, totalling 328 cents a unit, for the year to December 2009.

Please see attached the SENS announcement and press release for further… »

Merafe Resources (MRF) on Tuesday reported a diluted headline loss per share of 6 cents for the year ended December 2009 compared with headline earnings per share of 41 cents a year ago. A maiden dividend of 2 cents per share was declared.
The company said the… »

SINGAPORE — Asian shares traded mostly higher Tuesday, with technology stocks gaining ground around the region, while Hong Kong lost ground after disappointing earnings results from HSBC.

Australian shares were also struggling to make much headway with the fourth interest rate increase in five meetings by the nation’s central bank doing little to inspire buyers…. »

Stocks climbed as merger activity combined with solid economic data and an upbeat outlook for the semiconductor sector to push two market indexes into positive territory for the… »