Archive for March 11th, 2010

Jeremy Gardiner, director of Investec Asset management in Cape Town talks of the NASDAQ peak anniversary, the performance of the US markets and economy, the mood in the UK, and the ongoing rand debate. Don’t miss Jeremy chatting to Lindsay… »

Annabel Bishop, economist at Investec in Johannesburg, analyses the latest manufacturing and mining production data from a recovering South African economy. In conversation with Lindsay Williams … »

Johannesburg, Mar 11 (I-Net Bridge) - The physical volume of manufacturing in South Africa in January 2010 rose 3.7% year-on-year (y/y) in January after an increase of 3.2% in December 2009, data released by stats SA Thursday showed.
This was the second month running that manufacturing output showed a positive reading.
Stats SA… »

South African gold production climbed by 7.7% year-on-year in January 2010 after decreases of 2.3% in December 2009 and 2.2% in November 2009.
Stats SA said total mining production for the three months ended January 2010, after seasonal adjustment, increased by 3.3% compared with the previous three months.
… »

International long-term wealth savings management group Old Mutual plc (OML) says it now has a clear strategy to build a cohesive long-term savings, protection and investment group by leveraging the strength of our capabilities in South Africa and around the world.
During 2009 the group says its priority was… »

South African telecommunications company MTN (MTN) on Thursday said that movements in exchange rates, mainly the rand and the Nigerian Naira, had a substantially negative impact on its results.
The group reported a 16.6% decline in adjusted headline earnings per share to 754.3 cents for the year ended December 2009 from… »

Despite challenging economic conditions, mobile operator MTN Group (MTN) maintained or increased market share in most of its operations over the past year. And although its South African operation showed signs of difficulties, its diversified presence in emerging markets ensured that its group revenue growth was maintained,
growth partnership company Frost & Sullivan said on… »

Johannesburg, March 11 (I-Net Bridge) - International wealth savings group Old Mutual plc (OML) on Thursday reported a decline in adjusted operating earnings per share from 14.9 pence to 12.1 pence for the year ended December.
The adjusted operating profit before tax was sterling 1.170 billion versus stlg 1.136 billion rand.
The group declared a final dividend… »

Johannesburg, Mar 11 (I-Net Bridge) - South African telecommunications company MTN on Thursday reported a 16.6% decline in adjusted headline earnings per share to 754.3 cents for the year ended December 2009 from 904.4 cents a year ago. Basic HEPS declined to 803.2 cents from 836.5 cents a year ago. Excluding the impact of the… »

Johannesburg, Marc h 11 (I-Net Bridge) - Diversified financial services group Sanlam (SLM) on Thursday reported a 133% leap in normalised headline earnings per share from 93.9% to 218.9 cents for the year ended December.
Diluted headline earnings per share for the 12 months were up 66% from 132.2 cents to 218.8 cents.
The operational performance of… »