New board for PPC
Portland Pretoria Cement’s (PPC) board has been newly constituted following the company’s annual general meeting in Sandton this week, Business Day reported on Tuesday.
Reserve Bank Governor
Kganyago plays down talk of imminent SA rate cut
South African Reserve Bank Governor Lesetja Kganyago said policy makers want to assess the impact of lower oil prices on the wider economy before making a call on whether to cut interest rates.
SA wage hikes of over 8 pct unsustainable: Marcus
South Africa’s struggling economy cannot sustain current wage settlements of around 8 percent, which are also a threat to jobs, Reserve Bank Governor Gill Marcus said on Thursday.
Wilhelm Hertzog: Takeover talk at Blue Label, Glencore; and two cigar butt stocks
The RECM portfolio manager had plenty to contribute on the takeover offer for Blue Label, and praises Glencore CEO Ivan Glasenberg’s run at Rio Tinto.
Rand slips as FX reserves dip
The rand slipped against the dollar on Tuesday as central bank data showed South Africa’s foreign reserves dipped in September.
SA Midday Report 6 October with Leigh Riley
Industrials les the way; trading up 0.72% whilst Resource counters continue to flounder on the back of weaker commodity prices down more than half a percent this morning
Rand firms slightly, new SARB governor expected
South Africa’s rand firmed slightly against the dollar on Monday, finding some footing after a month-long slide that has taken it close to its weakest level in six years against the greenback
Rand seen stable in data-dry week
JOHANNESBURG (Reuters) – South Africa’s rand steadied against the dollar on Monday, with traders and analysts expecting it to drift in a narrow range in a week bereft of market moving data and interrupted by a public holiday on Wednesday. Market nerves were on an even keel after Reserve Bank Governor Gill Marcus announced last … Read more
Summary of Allan Gray’s Abil buy after profit warning
Last week Wednesday, on the 6th of August, African Bank released a quarterly update, which included a cautionary announcement expecting full year losses of $600m as well as the news that Leon Kirkinis Abil’s CEO for 23 years would be stepping down with immediate effect. A frenzy of action ensued as investors, speculators and affected … Read more
A roundup of the markets at midday
By Shaun Murison The JSE all-share Index is trading 0.7% lower in morning trade led by a weaker resource sector which has declined 9 tenths of a percent. Losses are however broad-based today with financials and industrial sectors both having given up around half a percent. In Company News, Anglo American PLC released a production report for its … Read more