Archive for March 12th, 2010

It’s been a boring week, but Liston Meintjes never is. Lindsay Williams chats to our resident market veteran about results, data, Citigroup, and where the next 5,000 points on the JSE is coming… »

The company is debuting on March 29th. Why? And with what? Lindsay Williams grills the CEO of Optimum, Mike… »

UniCredit has alerted investors in a client note that Britain is at serious risk of a bond market and sterling debacle and faces even more intractable budget woes than… »

In what is likely to kick-start a series of costly and long-running court cases, the exhaustive investigation found that the two Wall Street banks demanded significant amounts of capital and extra guarantees in the run-up to Lehman’s downfall – with JP Morgan Chase requesting $5bn (£3.3bn) just three days before Lehman’s bankruptcy filing…. »

The maintenance of financial stability is part of the mandate of the SA Reserve Bank (SARB), an adviser to the governor and chief economist said on Friday.
This was confirmed in a recent open letter from Finance Minister Pravin Gordhan to SARB Governor Gill Marcus, adviser Monde Mnyande said in a… »

Bell Equipment (BEL), which manufactures and distributes a wide range of materials handling equipment such as articulated dump trucks, front end loaders and graders, on Friday reported a diluted headline loss per share of 274 cents for the year ended December compared to a headline profit of 367 cents the previous year.
… »

The JSE started Friday in the black tracking a late rally on Wall Street overnight.
At 09:20 the JSE all share index gained 0.65%, with resources up 1.29%, gold miners picked up 1.28% and platinum miners firmed 0.58%.
Banks pocketed 0.28%, financials found 0.42% and… »

The South African rand continued to trade in a tight range in the morning session on Friday, and lacking any clear direction.
At 08:54 the rand was bid at 7.4165 to the dollar from 7.4057 at its previous close. It was bid at 10.1520 to the euro from its previous… »

ESKOM’s search for a new chief executive has advance further, an indication that it is confident of winning the lawsuit brought by former head Jacob Maroga.

Business Report has established that Sifiso Dabengwa, the chief operating officer at MTN, is the leading candidate for the job.

In a terse statement, the utility yesterday acknowledged only the process… »

— Weekly treasury bill auction.
— TransUnion Auto trends forum.
— Bell Equipment releases final results.
WHAT TO WATCH FOR:
With no local economic data due today, local markets are likely to eye their international counterparts for direction.
ON THE HORIZON:
Mar 13: No events scheduled.
Mar 14: No events scheduled.
Mar 15: Power & Electricity World conference from Mar 15 to 19.
Mar… »