Archive for March 9th, 2010

Lindsay Williams chats to the new CEO of the giant local banking group on the occasion of its interim results. There’s some cause for optimism, but an air of caution is the pervading theme. Don’t miss Sizwe Nxasana… »

Tiger Brands (TBS) on Tuesday moved to dispel a news article which referred to it as being one of the “targets” of an investigation by the
Competition Commission on cartel activities.
The news report, out earlier today, quoted the Deputy Competition Commissioner as saying that the Competition Commission had probed South… »

It is a universal political truth that administrations do not begin to fragment when things are going well: it only happens when they go badly, and those who think they know better begin to attack those who manifestly do not. The descent of Barack Obama’s regime, characterised now by factionalism in the Democratic Party and… »

The RMB/BER Business Confidence Index (BCI) jumped by a further 15 points in the first quarter of 2010 to a level of 43. This followed a five points rise to 28 during the fourth quarter of 2009.
This is the single biggest increase between two consecutive quarters in 16 years, RMB economists… »

Mvelaphanda Resources (MVL), the mining investment and exploration company, on Tuesday said it remained committed to its unbundling strategy in order to realise value for its shareholders by unlocking the discount the share trades at to its net asset value (NAV) and to remove the pyramid holding company structure, as required by the JSE Limited…. »

Grand Parade Investments (GPL), a black owned and controlled holding company with investments in the South African gaming and leisure industry, on Tuesday reported a 13.8% decline in first half headline earnings per share by posting HEPS of 8.86 cents for the six months to end December 2009, compared to HEPS of 10.28 cents for… »

Financial services group FirstRand (FSR) said on Tuesday it anticipates a modest return to growth in the South African economy.
However it says growth in advances will remain extremely low as levels of consumer indebtedness are still at historic highs.
Said FirstRand CEO Sizwe Nxasana:… »

FirstRand continues to make good progress in terms of its international strategy, is focusing on building its franchises in Africa, and has identified countries that it believes are strategically important, CEO Sizwe Nxasana said on Tuesday.
Key markets that offer good prospects are Nigeria, Zambia, Mozambique, Tanzania and Angola, he… »

The JSE was soft at its opening on Tuesday amid profit taking, following a good run over the past few days.
World sentiment also pointed towards the negative, with Wall Street having closed lower and Asia a fraction down.
At 09:22 the JSE all share index declined… »

UK real estate investment trust Liberty International plc (LBT) on Tuesday reported adjusted earnings per share of 18.3 pence for the year ended December versus 29 pence the previous year.
The total dividend per share, which includes the proposed final dividend, was unchanged at 16.5 pence.
… »