News

DATA: SA Jan manufacturing output up 3.7% y/y

Johannesburg, Mar 11 (I-Net Bridge) - The physical volume of manufacturing in South Africa in January 2010 rose 3.7% year-on-year (y/y) in January after an increase of 3.2% in December 2009, data released by stats SA Thursday showed.
This was the second month running that manufacturing output showed a positive reading.
Stats SA… »

SA Jan mining prod up 7.7% y/y vs Dec 2.3% fall(2)

South African gold production climbed by 7.7% year-on-year in January 2010 after decreases of 2.3% in December 2009 and 2.2% in November 2009.
Stats SA said total mining production for the three months ended January 2010, after seasonal adjustment, increased by 3.3% compared with the previous three months.
… »

FOCUS: Old Mutual builds strategy to boost savings

International long-term wealth savings management group Old Mutual plc (OML) says it now has a clear strategy to build a cohesive long-term savings, protection and investment group by leveraging the strength of our capabilities in South Africa and around the world.
During 2009 the group says its priority was… »

Exchange rates hurt MTN

South African telecommunications company MTN (MTN) on Thursday said that movements in exchange rates, mainly the rand and the Nigerian Naira, had a substantially negative impact on its results.
The group reported a 16.6% decline in adjusted headline earnings per share to 754.3 cents for the year ended December 2009 from… »

MTN leans on diversified presence in emerging mkts

Despite challenging economic conditions, mobile operator MTN Group (MTN) maintained or increased market share in most of its operations over the past year. And although its South African operation showed signs of difficulties, its diversified presence in emerging markets ensured that its group revenue growth was maintained,
growth partnership company Frost & Sullivan said on… »

RESULTS: Old Mutual

Johannesburg, March 11 (I-Net Bridge) - International wealth savings group Old Mutual plc (OML) on Thursday reported a decline in adjusted operating earnings per share from 14.9 pence to 12.1 pence for the year ended December.
The adjusted operating profit before tax was sterling 1.170 billion versus stlg 1.136 billion rand.
The group declared a final dividend… »

RESULTS: MTN

Johannesburg, Mar 11 (I-Net Bridge) - South African telecommunications company MTN on Thursday reported a 16.6% decline in adjusted headline earnings per share to 754.3 cents for the year ended December 2009 from 904.4 cents a year ago. Basic HEPS declined to 803.2 cents from 836.5 cents a year ago. Excluding the impact of the… »

RESULTS: Sanlam

Johannesburg, Marc h 11 (I-Net Bridge) - Diversified financial services group Sanlam (SLM) on Thursday reported a 133% leap in normalised headline earnings per share from 93.9% to 218.9 cents for the year ended December.
Diluted headline earnings per share for the 12 months were up 66% from 132.2 cents to 218.8 cents.
The operational performance of… »

Telecoms tycoon Carlos Slim Helu is world’s richest man

The Mexican telecoms magnate Carlos Slim Helu has been named the world’s richest man, with a net worth of $53.5 billion (£36 billion), the first time since 1994 that the No 1 spot has been held by a non-American.

The annual billionaires list published by Forbes magazine shows that the number of billionaires increased from 793… »

SA Today: Key events to watch, Mar 11

— Stats SA releases January mining production data.
— Stats SA releases January manufacturing data.
— MTN releases annual results.
— Old Mutual releases annual results.
— Sanlam release annual results.
— Basil Read releases annual results.
— Uranium One releases annual results.
— FNB Building Confidence Index.
WHAT TO WATCH FOR:
January manufacturing and mining data are the main events to watch today.
Investec… »