Archive for March 23rd, 2010

Data provided by I-Net Bridge; analysis by Pat Mathidi of RMB Asset Management. The first day of the short week was a drifting affair, characterised by low volume and a nervous air.
Pat chats to Lindsay… »

It’s certainly going to cost more after the much vaunted healthcare reform plan becomes law in the US. Well done Barack Obama for sticking to your guns and getting your laudable plans passed into law. But there are some dissenting voices. Here’s one-don’t miss aspirant Republican senator Peter Schiff, exclusively chatting to Lindsay… »

The data is 3 months old, but the tone is notably bullish, particularly the current account deficit revelation. Lindsay Williams chats to Andre Roux of Investec Asset… »

South Africa’s current account deficit reduced to a better than expected -2.8% of GDP in the fourth quarter of 2009 from a slightly revised -3.1% (-3.2%) in the third quarter, the South African Reserve Bank reported in its latest quarterly bulletin. A survey of ten leading economists by I-Net Bridge has pinned the Q4… »

1time Holdings (1TM) on Tuesday reported headline earnings per share of 39.35 cents for the year ended December 2009 from 0.46 cents a year ago.
In line with the group’s strategy to reinvest in the group to sustain growth, no dividend was declared. The dividend policy will be reviewed annually… »

With a 3-month lag, the data contained in the Reserve Bank’s Quarterly Bulletin, which represents the expenditure side of the economy, is a little bit long in the tooth. Nevertheless it shows an expenditure pattern that is consistent with an economy that is recovering.

Driving this recovery in expenditure is the fact that the decline… »

The results from Sanlam Investment Management (SIM) Investor Confidence Index point to a disparity in the confidence of local financial advisors and institutional investors over the fortunes of the local market.
The monthly survey conducted by the Institute of Behavioral Finance (IBF), released on Tuesday, showed improved confidence among financial advisors, with… »

Demand for platinum in Chinese jewellery fabrication for the rest of this year will mainly depend heavily on platinum prices, GFMS said on Tuesday.
Releasing its quarterly newsletter, GFMS said the trade has expressed the view that levels much above US$1,300 would tend to result in a stagnation in consumption while… »

Johannesburg, Mar 23 (I-Net Bridge) - Jobs in South Africa’s formal, non-agricultural business sector increased by 18,000 people or 0.2% in the quarter ended December 2009 to an estimated 8.161 million employees, official data showed on Tuesday. This comes after a revised -1.2% (-1.0%) quarter-on-quarter (q/q) fall in the third quarter… »

Pretoria, March 23 (I-Net Bridge) - The South African Reserve Bank (SARB) has further clarified its crucial role in overseeing and maintaining financial stability in the economy.
In the introduction to its latest quarterly bulletin, it mentioned the open letter written to Governor Gill Marcus by Finance Minister Pravin Gordhan prior to the Budget in mid… »