By Alec Hogg The 2009 World Economic Forum’s annual meetings in Davos were among the most eventful. Coming four months after the collapse of Lehman Brothers sparked the Global Financial Crisis, the WEF’s normally rational participants were unable to hold back. Those who had caused the mess, the bankers, were absent. So the WEF attendees … Read more
Click on the links below for other fresh News and commentary just published on Biznews: * Abil rescued – SARB, other banks including Capitec to inject R10bn *Â SARB to oversee $940m Abil rescue * Meet Abil’s new curator Tom Winterboer * To download the Governor’s speech in PDF format click on this link:Â governor’s address – … Read more
The SA Reserve Bank, which last Wednesday said it has been closely monitoring developments at embattled Abil, yesterday announced a rescue plan for the bank. Abil’s demise is typical for a failed bank – the slow decay as confidence wanes followed by a sudden crash as it runs out of options. The classical tipping point, … Read more
I regard Piet Viljoen as a friend, have done so for a couple decades. We met when I investigated the serial outperformers in the unit trust sector (his Investec Opportunities Fund killed the competition) and have been pals ever since. Apart from other gifts, Piet was part of the group that introduced me to Warren … Read more
JOHANNESBURG (Reuters) – South African stocks edged lower on Monday in line with global peers as simmering political tensions in Ukraine weighed on appetite for risky assets. But shares of mining firm Anglo American Platinum rose 4.69 percent to 478.74 rand after the company said it would sell its strike-hit and underperforming mines in Rustenburg. Resource shares … Read more
South Africa’s Lee-Anne Pace leaped into the top 60 on the LPGA Tour’s Official Money List after a fourth-place finish at the Marathon Classic in Ohio on Monday. Pace carded a final-round 71 at the Highland Meadows Golf Club to join American Kelly Tan and Katherine Kirk of New Zealand for a share of fourth … Read more
A stronger JSE and a soggy has kept pushing the value of unit trusts higher this year. David O’Leary, Director of Fund Research at Morningstar joined Alec Hogg on CNBC Power Lunch today to discuss the best and worst performing unit trusts. In the performance of unit trusts for 2014, experienced managers have been shining … Read more
It is interesting to note from this Reuters report that gold price hedging is once again raising its head above the parapet – albeit ever so slightly. Hedging is generally not a recommended route for the faint-hearted. But it can be a useful ‘insurance’ against future losses and gold price volatility – particularly for start-up … Read more
The Monetary Policy Committee at the South African Reserve Bank meet next week. Nomura International expects a 50-basis point increase from the Reserve Bank. Meanwhile, the IMF has warned that it’s likely to cut South Africa’s growth prospects if there are further issues with strikes. Annabel Bishop, Chief Economist at Investec discusses what she expects … Read more
Giving us his insights into the markets today is CEO of RECM, Jan van Niekerk. Noteworthy market mover is ailing Lonmin, Jan discusses whether or not he believes this is at the levels of a value stock yet. He also gives his insights into the underlying messages that get sent by Director’s dealings, when buying … Read more