Archive for March 24th, 2010

Euro Trashed

Wednesday, March 24th, 2010

The Euro is under pressure, not just as a currency, but also as a concept. It looks serious as Greece, Portugal and a host of other geographies grapple with deicits that threaten the world financial order. Lindsay Williams talks in depth to a currency expert from… »

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Property

Wednesday, March 24th, 2010

Chris Drummond, chairman of Benguela Cove Investments (Pty.) Ltd talks property marketing. Auctions, show days, and the like come under his watchful… »

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Inflation

Wednesday, March 24th, 2010

Prices are benign in South Africa, according to Stats SA. Consumer inflation is under the spotlight, with a view to Thursday’s reserve bank rates decision. Annabel Bishop of Investec gives us her… »

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INVESTEC SNAP COMMENT: CPI in steady decline but too late in cycle for an interest rate cut

Wednesday, March 24th, 2010

Today’s CPI inflation number was in line with market expectations at 5.6% year on year and 0.6% month on month. The number is consistent with a steady decline in the inflation rate from here onwards and we are confident that inflation will reach the midpoint of the target band towards the middle of the year.
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SA leading economic indicator +18.1% vs 13.6%

Wednesday, March 24th, 2010

The latest economic indicator shows that South Africa is well on the way to economic recovery.
The country’s seasonally adjusted leading economic indicator continued to rise in January, increasing sharply to a 125.1 index level from 120.9 in December.
This represents an 18.1% year-on-year increase for December… »

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Stocks AM: JSE firms on global sentiment

Wednesday, March 24th, 2010

The JSE moved into the black on Wednesday tracking a good showing by the Dow overnight, with general global sentiment showing positive overtones ahead of some key economic data in the US and Europe.
Locally, the increase in South Africa’s consumer price index (CPI), which is used by the South African… »

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Stocks AM: JSE firms on global sentiment

Wednesday, March 24th, 2010

The JSE moved into the black on Wednesday tracking a good showing by the Dow overnight, with general global sentiment showing positive overtones ahead of some key economic data in the US and Europe.
Locally, the increase in South Africa’s consumer price index (CPI), which is used by the South African… »

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SNAPSHOTS: Economists react to Feb CPI data

Wednesday, March 24th, 2010

Following are economists’ reactions to the release of February consumer inflation data.
The increase in South Africa’s consumer price index (CPI), which is used by the South African Reserve Bank (SARB) for its inflation target, was up 5.7 year-on-year (y/y) in February from 6.2% y/y in January, Statistics South Africa (Stats… »

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SA Feb CPI up 5.7% (exp 5.7%) (3)

Wednesday, March 24th, 2010

The increase in South Africa’s consumer price index (CPI), which is used by the South African Reserve Bank (SARB) for its inflation target, was up 5.7 year-on-year (y/y) in February from 6.2% y/y in January, Statistics South Africa (Stats SA) said on Wednesday.
CPI was at 0.6% month-on-month (m/m) from 0.3% m/m… »

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MARKET ALERT: Bonds tick firmer on CPI data

Wednesday, March 24th, 2010

Johannesburg, March 24 (I-Net Bridge) - South African bonds ticked one or two basis points firmer on consumer inflation data for February which was in line with expectations.
At 9.04, the short-term government R154 bond was bid at 6.985% from 7.000% before the release of the data and a close on Tuesday of 7.000% while the… »

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