Archive for March 31st, 2010

Dull as ditchwater. Numbers brought to you by I-Net Bridge, and read by Lindsay… »

The North/South divide is being breached as the two institutions merge. The CEO of Metropolitan chats to Lindsay Williams about a deal that creates a new insurance based… »

A high profile EX-Metropolitan man chats to Lindsay Williams about the big JSE new story of the… »

South Africa recorded a trade deficit of 5.69 billion rand for its trade ith non-Southern African Customs Union trading partners in February after a deficit of 3.3 billion rand in January, according to Customs & Excise figures released on Wednesday.
A 1.0 billion rand deficit had been expected, a survey by… »

The Don Group (DON) on Wednesday reported a headline loss per share of 3.55 cents for the six months ended December 2009 from HEPS of 0.15 cents a year ago. No dividend has been declared or paid.
The group incurred a headline loss of 10.5 million rand in the period… »

FirstRand to unbundle merged entity to facilitate transaction and unlock value for shareholders

In a joint statement today FirstRand, Momentum and Metropolitan announced that they have reached agreement to merge Momentum and Metropolitan to create a major new South African insurance group.
Commenting on the transaction Wilhelm van Zyl, CEO of Metropolitan, believes the proposed business… »

Firstrand (FSR), Metropolitan (MET) and Momentum have reached an agreement for the merger of Metropolitan and Momentum, the companies said Wednesday.
The proposed merger will create a leading insurance-based financial services group and will significantly expand the product offerings, target markets and growth prospects of Momentum and Metropolitan in South Africa and elsewhere… »

Mar 31 (I-Net Bridge) - Capitec Bank (CPI) on Wednesday reported a 44% increase in headline earnings per share to 527 cents for the year ended December 2009 from 366 cents a year ago. Diluted HEPS were 42% higher at 511 cents per share.
A final dividend of 155 cents… »