Archive for May 12th, 2010

Results from Didata and Spar, rumours around Nedbank, and a bumper JSE session. Data fro I-Net… »

South Africa’s favourite stock broker has been on a field trip. Don’t miss our exclusive debriefing. Lindsay Williams chats to David… »

Record highs in all sorts of currencies. Why? The CEO of the world’s best commodity consultancy tells us. Lindsay Williams talks to Jessica Cross of the VM Group in… »

The March manufacturing output figures were “very surprising and shocking,” said Efficient Group economist Freddy Mitchell on Wednesday.
Manufacturing production rose by a strong 6.3% in March from 2.7% in February. Market consensus had been 3.1%. It has now been in positive territory for over three months.
… »

Rumours that emerging markets bank Standard Chartered is poised to takeover South African banking group Nedbank (NED) were boosting banking stocks on the JSE on Wednesday.
UK-based Sky News is reporting in an exclusive that Standard Chartered is plotting a multi-billion pound takeover of Nedbank. The news agency said that talks have… »

— Final day of SARB MPC meeting. Rates decision due at around 15:00.
— Liberty Holdings holds AGM.
— Datatec releases annual results.
— Old Mutual holds AGM.
— Afrimat releases annual results.
— Stats SA releases March mining stats.
WHAT TO WATCH FOR:
The Reserve Bank’s Monetary Policy Committee meeting announces its decision on interest rates shortyly after 15:00 today.
South… »

David Cameron will begin today to forge the first peacetime coalition for more than 80 years after becoming Britain’s 53rd Prime Minister.

The Conservative leader opened a new political era by cautioning that “hard and difficult work” lay ahead for the new Government that will include five Liberal Democrats in Cabinet and some 15 others in… »

May 12 (Bloomberg) — Gold climbed to a record for a second day on investor concern that international financial support for indebted European states will depress currencies.

Bullion for immediate delivery rose to an all-time high of $1,234.93 an ounce before trading at $1,233.55 an ounce at 1:29 p.m. in Singapore. June-delivery futures jumped as… »

Johannesburg, May 12 (I-Net Bridge) - Supermarket group Spar (SPP) on Tuesday reported diluted headline earnings per share of 264.6 cents for the six months ended March 2010 compared with 234,7 cents a year ago. HEPS were up 14.7% to 278.1 cents.
An interim dividend of 14 cents per share was declared, up… »

Johannesburg, May 12 (I-Net Bridge) - International IT solutions and services company Dimension Data (DDT) on Wednesday reported basic earnings per share of US 4.2 cents for the six months ended March 2010 from US 3.5 cents a year ago.
The group reported revenue growth of 11% to US$2.166 billion in reported … »