Home
>
Insights
>
News Archive: 2013

News archive

20 December 2013

What’s in store for the JSE in 2014? – Moneyweb

For equity investors who stuck to their guns, 2013 was a good year. While individual shares in certain struggling sectors may have put an end to dreams of an overseas holiday, the All Share Index (Alsi), despite having experienced severe volatility in certain periods, performed well and is up around 12% in the year to date (excluding dividend growth). But as 2014 looms on the horizon, the question on many an investor’s mind has got to be: What’s in store for next year? Gavin Wood shares his thoughts in this article. view article

20 December 2013

Wealth of metal at our fingertips – Mail & Guardian

A switch to aluminium cans is set to revolutionise the informal scrap and recycling industries in SA. The earth below South Africans’ feet may be rich in many minerals, but one element has always been missing — this nation imports 100% of the raw materials it needs to make aluminium. Savvy urban prospectors in Gauteng, however, have detected a mother lode of the metal spilling out of bars, restaurants and homes, in the shape of aluminium cans. A revolution has begun in the South African packaging industry.
view article

4 December 2013

Kagiso PMI ends year positively – The New Age

THE key leading manufacturing indicator released yesterday points to improving conditions in November. The latest Kagiso Purchasing Managers Index (PMI) increased by 1.7 points to 52.4. A number of PMIs across the globe have also rebounded over the 50 level mark which indicates positive activity.
view article

2 December 2013

Did the market misjudge Remgro’s part in Caxton offer? – Moneyweb

Is Remgro making a bid for Caxton? This seemed to have been the market’s initial thoughts on Friday after a consortium, led by entities controlled by RMB and Remgro, announced that it signed a binding transaction implementation agreement to acquire the entire share capital of ElementOne for R2.3bn. Abdul Davids shares his thoughts on this. view article

2 December 2013

Manufacturing production expected to recover in Q4, Nov PMI rises to 52.4 – Engineering News

Manufacturing production would likely, in the final quarter of 2013, recover from the sharp decline recorded in the third quarter as a result of prolonged strikes in the automotive sector, Kagiso Asset Management head of research Abdul Davids said on Monday. view article

1 December 2013

Shariah investing: a growing market – Risk SA

Long before responsible investing became trendy, Shari’ah-compliant investment products, catering for a niche Muslim market, had entered the scene. Although the prime target group for this type of investing is the Muslim community (about two per cent of the South African population), Shari’ah investing is seeing increased interest from investors who are keen on responsible investing. Previously, Shari’ah-compliant equity funds were the only product available, catering mainly for discretionary savings by high net worth individuals. But demand for Shari’ah-compliant investments has grown significantly over the last few years, says Abdul Davids, head of research at Kagiso Asset Management.
view article

22 November 2013

Africa buoys SABMiller, hit by weak rand – Business Day

Africa has once again provided a fillip to SABMiller’s results, which showed solid growth thanks to emerging-market operations – although the weaker rand eroded SA’s contribution.
view article

19 November 2013

Nampak buys can operation in Nigeria – Business Day

Nampak has bought Alucan Packaging, a beverage-can operation in Nigeria, funding the deal through existing cash resources and debt facilities. Africa’s largest packaging group also said yesterday it had been granted an option to acquire a leading rigid plastics company in West Africa’s largest economy.
view article

19 November 2013

Hospital groups’ offshore bet ramps up – Moneyweb

If there is one thing South Africans can do well, it’s run private hospitals, and this country’s big three hospital groups are determined to prove that exporting this skill will pay off.view article

17 November 2013

Biegsessie oor mikrolener sondes – Sake Rapport

Ellerines was die swak plek, erken Leon Kirkinis, uitvoerende hoof van African Bank (Abil). Abil het hom in 2008 gekoop en daar was altyd ongelukkigheid daaroor onder beleggers. Vroer vanjaar het Abil uiteindelik aangekondig hy is nou ernstig daaroor om Ellerines to verkoop.
view article

14 November 2013

The case for passive and active investment management – Business Report

In this feature on the case for passive and active investing, Gavin Wood gives his view on whether the case for active management is stronger for some asset classes or markets than for others.
view article

12 November 2013

What value does your fund manager add? – Moneyweb

The debate around fees in the unit trust industry is an important one. It is right that investors should be aware of how much they are paying and asking questions about what they are getting in return. But they also need to be asking the right kinds of questions. view article
 

8 November 2013

Nigeria te uitdagend – Sake 24

Woolies onttrek hom oor swak infrastruktuur, huurkoste Ian Moir Kaapstad. – Nigerie is toe nie die land van melk en heuning nie. “Woolworths is nie ‘n maatskappy wat gehalte inboet nie. Die besluit om hom aan Nigerie to onttrek, is in die belang van die groep en sy aandeelhouers,” se Abdul Davids, hoof van navorsing van Kagiso Batebestuur.
view article

8 November 2013

Will Vodacom take the gap? – Mail & Guardian

Vodafone’s interests in Africa maybe up for grabs if AT&T does acquire its European operations. A shake-up of the telecommunications landscape in Africa may be in the offing after United States giant AT&T said in an interview with Bloomberg that it was interested in acquiring United Kingdom listed Vodafone. AT&T said, though, that it was not interested in acquiring Vodafone’s operations in emerging markets but only its European operations.
view article

8 November 2013

ArcelorMittal in 'positive cash position' – Business Day

Steel producer ArcelorMittal SA says despite fairly weak trading conditions, it saw a rise in headline earnings to 50c per share in the third quarter ended September, and a positive cash position. But net cash fell sharply to R575m from the R1.1bn seen in the preceding quarter, following the normalisation of working capital after a devastating fire temporarily shut its main Vanderbijlpark plant earlier this year. The results also included a net positive effect from an insurance claim of R179m for the fire that had ravaged the Vanderbijlpark facility. Steel sales rose 3% year on year to 1.13-million tonnes, rising 9% quarter on quarter.
view article

7 November 2013

Mondi expects 25% profit rise in better market – Business Day

Mondi yesterday said in its interim management statement, from the end of June to end-September, that underlying operating profit was expected to rise 25% despite scheduled maintenance shutdowns during the second half of this year that will cost up to €60m. The global packaging and paper group estimates an underlying operating profit of €172m for the September quarter, from €138m in the comparable period last year. It says this comes about as a result of improved market conditions in packaging paper and also the performance of the South African division.
view article

5 November 2013

The companies to watch – Moneyweb

In a recent article we looked at which of the smaller unit trust managers are showing convincing signs of growth. Which of them, we asked, might grow into the big players of the future? It is however also worth looking at which asset managers are already in that transition – the “next tier” if you like. These are fund managers that have already established a reputation in the market and a broader product offering. view article

4 November 2013

PMI index rebounds in October – New Age

South Africa’s key leading indicator of activity in the manufacturing sector rebounded to the 50 level mark in October after slipping 49.1 index points in September recovering some grounds by increasing to 50.7 index points, according to the Purchasing Managers’ index (PMI). Anything above the 50 point mark indicates expansion and below that level indicates contraction. However, despite the improvement, the seasonally adjusted Kagiso PMI remained below the average reading of 52.7 recorded during the third quarter of this year.
view article

31 October 2013

JSE All Share: 45 500 points and counting – Moneyweb

The JSE’s All Share Index has had a significant run over the past few months, gaining almost 20% since late in June on indications that the US Federal Reserve will delay tapering its quantitative easing programme. Which bodes the question: does the JSE still offer value for long-term investors? view article

28 October 2013

MultiChoice prepares for tough competition with local shake-up – Business Report

MultiChoice has implemented sweeping changes to its management line-up that suggest the largest pay-television broadcaster in South Africa is fine-tuning its strategy for a tougher competitive environment ahead. 
view article

25 October 2013

When the price is right – Financial Mail

Gold miners around the world are squirming under the lash of weakening gold prices and rising costs. With a few exceptions, gold shares lagged a rising gold price and are falling faster than bullion in a bear market. 
view article

25 October 2013

Loyalty card and drug delivery lift Clicks – Business Report

Clicks shares leapt 8 percent yesterday to the highest level since early June after the health and beauty retailer said full-year turnover rose 13.6 percent despite a muted consumer spending environment. Sales were boosted by promotional activity and growth in the pharmaceutical distribution business boosted revenue. 
view article

25 October 2013

AgriGroupe bly systap oor wie sy beleggers is – Sake 24

Die sluier kon gister nie gelig word oor wie die AgriGroupe-beleggers is wat die genoteerde landboumaatskappy Afgri koop nie. Chris Venter, uitvoerende hoof, het by navraag oor waarom daar soveel geheimsinnigheid oor die beleggers is, gese by dink nie noodwendig dit is die geval nie.
view article

21 October 2013

Share market out of sync with tepid economy – Personal Finance

The local equity market continued to run this past quarter despite a weakening local economy, leading fund managers to warn that certain parts of the market are now “unsustainably high”. Global markets also delivered strong returns, with local investors who had invested offshore in rands benefiting greatly from a weak rand.
view article

14 October 2013

Amplats-Amcu deal minefield – Business Report

The compromise reached by South Africa’s largest platinum producer, Anglo American Platinum (Amplats), with the Association of Mineworkers and Construction Union (Amcu) may come back to haunt it. Analysts unpacking the decision on Friday expressed views ranging from Amplats having been pushed into a corner to that it had failed its shareholders, to speculation that chief executive Chris Griffith might have to pull up his socks. 
view article

14 October 2013

Swakker Chinese groei kan Richemont knou – Sake 24

Richemont se opbrengsvooruitsigte lyk nie so blink soos sy Van Cleef & Arpelsjuweliersware nie. In die geheel toon die luuksegoederegroep se verskeie streke en verkoopskanale stewige groei.
view article

11 October 2013

Company comment – Business Day

Metair is shifting focus from where vehicles are made to where they are sold. By taking a majority stake in Turkey’s leading lead-acid battery maker it has entered new markets in Eastern Europe and Russia, the Middle East and Africa.
view article

8 October 2013

Icasa offers relief for cellular callers – Business Report

Consumers look set to be the ultimate winners when the telecommunications industry shifts to reflect new call termination regulations. The proposed reductions in call termination rates in the draft regulations released last week are an inflection point for incumbents Vodacom and MTN, while encouraging smaller operators Cell C and Telkom Mobile to threaten aggressive cuts in retail prices. 
view article

3 October 2013

Retiring CEO helped Imperial weather the storm – Business Day

Analysts lauded JSE-listed Imperial Holdings CEO Hubert Brody, who yesterday announced he would step down in the first half of next year, after having been in charge since 2007. Mr Brody was praised for having steered Imperial through the 2008/09 recession and for developing businesses in Germany and in the rest of Africa. 
view article

2 October 2013

PMI falls to an eight-month low as auto sector strike hurts new sales orders – Witness

The Purchasing Managers’ Index (PMI) fell to an eight-month low in September as a strike in the auto sector hurt new sales orders, suggesting a slowdown in the manufacturing sector, a survey showed yesterday. 
view article

2 October 2013

Manufacturing takes a dive – The New Age

Manufacturing fell in September because of prolonged strikes in key industries, the Purchasing Mangers’ Index (PMI) showed yesterday. The index declined steeply by 7.4 points to 49.1 in September after a successful run in which it held above the 50 level mark for four consecutive months.
view article

30 September 2013

Kumba, Mittal look at new supply deal – Business Day

Kumba Iron Ore and ArcelorMittal SA could avoid arbitration altogether if they can reach agreement on a new long-term iron-ore supply contract. Although an agreement also depends on the outcome of a Constitutional Court challenge, a resolution between two of the biggest companies listed on the JSE would end a three-year dispute that has drawn in a number of other parties, including the departments of mineral resources and trade and industry.
view article

25 September 2013

Soaring sugar imports put jobs in danger – Business Report

The local sugar industry’s slow action to stem imports of cheap sugar may result in sugar mills closing down and 40 000 jobs being lost. Illovo Sugar managing director Dave Howells said last week that the industry was late to apply for a tariff increase.
view article

20 September 2013

New chapter opens for Exclusive Books – Business Day

Exclusive Books, the high-end book chain found in most of SA’s top shopping malls, has been sold by Times Media Group (TMG) to a consortium led by Medu Capital, a majority black-owned and managed private equity company. 
view article

20 September 2013

Market has big expectations of Remgro – Moneyweb

Investment holdings company Remgro has demonstrated its resilience in a tough economic climate with a 34% jump in intrinsic value to R204.83 per share in the year to June.  view article

17 September 2013

FirstRand captures the market's attention – Business Day

FirstRand’s consistent strong performance over the past three years has made it a compelling investment case at a time when many analysts favour Standard Bank. 
view article

17 September 2013

Competition will cap cement firms' profits – Business Day

South African cement demand grew strongly between 2000 and 2007 and producers were highly profitable, returning significant cash to shareholders, says Ross Heyns, an analyst at Kagiso Asset Management. But since the 2007 market peak, volumes have fallen sharply and margins have come under pressure. 
view article

11 September 2013

FirstRand posts 20% increase in earnings – Business Report

FirstRand is the third of the big banks to report a hit from the controversial collapse of First Strut earlier this year. Notice of the exposure followed yesterday’s release of FirstRand’s results for the 12 months to June, which revealed a strong 20 percent hike in normalised earnings a share to R2.718. 
view article

11 September 2013

FNB plan om kliente te lok bly wenresep – Sake 24

First National Bank (FNB) se strategie om nuwe kliente met innoverende produkte en dienste to lok, were steeds vrugte af. 
view article

5 September 2013

Intu positive as retailers in UK 'more confident' – Business Day

Amid stagnant economic growth, UK-focused Intu Properties has been repositioning itself and will be substantially better placed in the market “as and when the economy picks up”, according to management. 
view article

5 September 2013

Diversified offering boosts Eqstra – Business Day

Eqstra’ biggest growth driver in the year to June was its value added and diversified product offering, CEO Walter Hill said when presenting the company’s results yesterday. 
view article

4 September 2013

A lot riding on new investments – Moneyweb

Discovery Holdings may be one of the best performing shares on the JSE this year, having risen by 38%, but fickle shareholders were quick to punish the company when its trading update surprised to the negative.  view article

3 September 2013

Factories build up steam – The New Age

The key indicator of activity in the manufacturing sector continued its momentum for the fourth straight month in August, suggesting production improvements since the wildcat strikes of 2012.
view article

3 September 2013

PMI reaches six-year high as demand and operating conditions improve – Engineering News

The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased by 4.3 points to 56.5 in August, staying above the neutral 50 threshold for the fifth consecutive month and reaching its highest level since August 2007. view article

30 August 2013

Kwaai prysmededinging kan Woolies uiteindelik knou – Sake 24

 Woolies se sterk mededinging om sy pryse aantreklik to maak, kan in die volgende boekjaar teen hom begin tel. Nietemin is die groep baie ingenome met sy resultate vir die boekjaar tot einde Junie 2013. 
view article

30 August 2013

Strikes take toll on Implats earnings – Business Day

Stability was improving among Impala Platinum’s (Implats’) Rustenburg workforce after last year’s strikes, but there were still some tensions, CEO Terence Goodlace said yesterday. 
view article

29 August 2013

Australian portfolio lifts Growthpoint – Business Day

Growthpoint Properties, SA’s largest listed property company with a market capitalisation of about R44bn, yesterday reported distribution growth of 7.2% to 149c per linked unit for the year ended June.
view article

27 August 2013

Sun International sees profits rise, despite lower gambling revenue – Moneyweb

Leisure and gaming company Sun International has restored profitability to all of its local and international operations – with the exception of Namibia. view article

23 August 2013

Retailers feel consumers' pinch – Business Report

Retailers Massmart, Truworths and Edcon reported lacklustre results yesterday, indicating that severe pressure on consumer spending has not abated. 
view article

23 August 2013

Al meer wil die' groep se rokkies dra – Sake 24

Die Truworthsgroep het sy aandeel van die vroue- en manskleremark vergroot en ook twee mylpale bereik. Sy kleinhandelverkope het die R10 miljard-kerf verbygesteek en die getal winkels is verby die 600kerf.
view article

21 August 2013

Banking on change – Financial Mail

A price war in SA, regulatory interventions in some of the countries in which it operates, and more competition are forcing the MTN Group to re-engineer its business, cut costs and look for other revenue sources.
view article

21 August 2013

Emira reports turnaround, cuts vacancy rate by half – Business Day

Emira Property Fund yesterday reported a “substantial turnaround” and a return to distribution growth for the year ended June, with its distribution of 114.59c per participatory interest up 3.5% on the prior year. 
view article

20 August 2013

Banks face hazard of continent's bad debts – Business Day

Standard Bank’ strategic decision to exit other emerging markets to focus on Africa boosted its recent results, but growing bad debt is still a reminder of how hazardous it is to do business on the continent at times.


view article

16 August 2013

Standard lifts earnings 11% despite weak conditions – Business Day

Standard Bank grew its normalised headline earnings 11% to R8.2bn in the first half of the year despite weak economic conditions and increasing bad debt, while its operations in the rest of Africa have started to gain traction. 
view article

16 August 2013

Laer koste laat Standard groei – Sake 24

Standard Bank het in April 2012 pakkette bekend gestel wat kliente se bankkoste verlaag het. Hiermee het hy kliente behou, nuwes gewerf en hulle meer transaksies laat doen.
view article

16 August 2013

Signs of consolidation – Engineering News

The seasonally adjusted Kagiso Purchasing Managers Index (PMI) remained above the key 50-point mark for the fourth consecutive month in July, when it increased marginally by 0.6 points to 52.2, but challenging market conditions persist.
view article

15 August 2013

MTN maps job cuts to optimise costs – Business Report

MTN, the continent’s largest cellular network provider, is weighing up job cuts as cost optimisation becomes a key focus over the remaining months of the financial year to December. 
view article

15 August 2013

Mpact delivers a 'solid set of results in a difficult market' – Business Day

Packaging maker Mpact says it has grown profit under “difficult trading conditions”. In the six months ended June revenue rose 9.7%, underlying operating profit was up 6.1% to R236m and underlying earnings per share shot up 20.9% to 77c. 
view article

12 August 2013

Cutting the fat at Times Media – Citizen

The restructuring of the bloated and inefficient Times Media business continues with the news that subsidiary I-Net Bridge has been sold to the Naspers-owned McGregor BFA for R115 million. 
view article

12 August 2013

I-Net Bridge sold 'because it needs more investment' – Business Day

The sale by Times Media Group of its I-Net Bridge division for R115m is in line with the group’s plans to become a focused media and content provider, while the buyer, McGregor Bureau for Financial Analysis (BFA), is looking to provide financial data for the African market.
view article

12 August 2013

Mondi posts 'very good' performance – Business Day

Mondi Group CEO David Hathorn said on Thursday the “very good” set of interim results for the six months ended June were derived from a “good” operating performance and the integration of recent acquisitions. 
view article

8 August 2013

Anglo American: in recovery – Finweek

Rubin Renecke, an investment analyst at Kagiso Asset Management,  believes the diversified mining group holds good potential in the long run.
view article

8 August 2013

Old Mutual stock rallies on increased interim profit – Business Day

Strong growth in emerging markets and the US asset management business sent Old Mutual’s share 4.61% higher to R30.41 yesterday after it released its interim results for the six months to June.
view article

5 August 2013

Sappi pins its hope on new business focus – Business Day

Sappi headlined the start-up of its new “high-margin” US and South African chemical cellulose projects in its third-quarter results ended June, as it continued to make losses in tough environments for paper, especially in Europe, its biggest market. 
view article

2 August 2013

Liberty plugs gaps in Nigerian offering – Business Report

Liberty Holdings was in the process of entering the asset management and life insurance markets in Nigeria, chief executive Bruce Hemphill said yesterday during the life insurer’s interim financial results presentation. 
view article

2 August 2013

Liberty top man to Nigeria in pursuit of target – Business Day

Liberty Holdings said yesterday it had deployed one of its executives to Nigeria to help the company bed down acquisitions in West Africa. 
view article

2 August 2013

Tenant failures drag down Intu – Business Day

JSE-listed Intu Properties’ share price fell 2.12% to trade at R49.87 by 3pm yesterday after the UK property company reported an unchanged 5p interim dividend per share for the six months ended June, while like-for-like net rental income fell 2.9%. 
view article

2 August 2013

ArcelorMittal recovering after fire – Business Day

ArcelorMittal SA saw a strong second-quarter earnings recovery in the six months ended June as output normalised after a devastating fire at its major Vanderbijlpark works in February.
view article

1 August 2013

Price increases offset falling consumption for BAT – The International Convenience Store Retailer

British American Tobacco (BAT), the world’s second-largest tobacco group by market share, reported a 4% rise in first-half revenue to £7.57bn recently, as price increases helped offset falling consumption.
view article

1 August 2013

Tongaat forecasts large rise in sugar output for the year – Business Day

Listed agricultural and agri-processing company Tongaat Hulett said that all resolutions were passed by the requisite majority of shareholders at its annual general meeting yesterday and it continued to make “substantial progress”. 
view article

1 August 2013

BAT revenue grows on emerging market sales – Business Day

British American Tobacco (BAT), the world’s second-largest tobacco group by market share, yesterday reported a 4% rise in first-half revenue to £7.57bn as price increases helped offset falling consumption. 

view article

25 July 2013

AECI to spend R1bn a year on expansion – Business Day

AECI is aggressively pursuing its plans to expand its operations into South America to improve volumes from its chemicals and explosives business, CEO Mark Dytor said at the group’s interim results presentation yesterday.
view article

19 July 2013

Cutifani to ride rough in review of Anglo – Business Report

“Underground mining performance was principally impacted by the intermittent illegal industrial actions, the national bus driver strike which impacted employees’ ability to commute to work and safety stoppages,” the company said in its production update.
view article

9 July 2013

You need a strong stomach for your local assets – Maya on Money

While a globally diversified fund may be first choice, most South Africans have the majority of their assets in South Africa. view article

8 July 2013

Up and up MR goes – Finweek

Construction and engineering group Murray & Roberts (M&R) has managed to get rid of most of its dead-wood projects. It is, in fact, now leading the charge in recovery against its peers.
view article

5 July 2013

Go to the self-help section – Financial Mail

The sale of Exclusive Books raises the question of the future of publishing.
view article

2 July 2013

Investment Insights: Investing after Bernanke – Moneyweb

The Fed’s announcement that it plans to taper off its quantitative easing program has seen vast amounts of foreign money leave emerging markets, including South Africa. view article

2 July 2013

MR winds up disposal – Daily Dispatch

Murray & Roberts says it has concluded the disposal of its Construction Products Africa manufacturing businesses for about 111.3-billion, which includes Much Asphalt, Rocla, Technicrete and Ocon Brick.
view article

2 July 2013

Lonmin's Magara steps into tough job – Business Report

While beleaguered platinum miner Lonmin expects its new chief executive, Ben Magara, will be “getting his feet on the ground” over the next few weeks, analysts have taken a different view.
view article

2 July 2013

SA economy is still 'unsettled' – The New Age

A key indicator of the state of the country’s economic activity improved sharply in June as it increased by 1.2 points to 51.6, from 50.4 in May but some analysts argue that it is too early to get excited given the current “strange” economic environment.
view article

1 July 2013

Murray Roberts wraps up sale of units – Business Day

Murray and Roberts says it has concluded the disposal of its Construction Products Africa manufacturing businesses for about R1.3bn, which includes Much Asphalt, Rocla, Technicrete and Ocon Brick.
view article

1 July 2013

PMI improves, but manufacturing conditions remain tough – Engineering News

The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased by 1.2 points to 51.6 in June, marking its third consecutive month above the key 50-point mark, with all the major sub-indices showing modest improvement, except for the employment sub-index, which continued to decline. view article

27 June 2013

Faced with major challenges – Financial Mail Top Companies

Margins in information and technology (IT) firms are under pressure. According to Datacentrix, the industry is experiencing pressure, in particular from the telecommunications industry.
view article

27 June 2013

Print versus digital – Financial Mail Top Companies

Media companies are increasingly developing digital strategies to sustain their operations, as more consumers opt to get their information and news online. The growth of the Internet as a result of lower data prices and the adoption of smartphones is steadily eroding the newspaper business.
view article

27 June 2013

Data market to the rescue – Financial Mail Top Companies

The year 2013 could be the turning point for SA’s troubled fixed-line operator Telkom. Long suffering investors will be hoping that the company, whose share price dipped close to R12 in early 2013, will get a new lease of life when government announces its plans for the group.
view article

27 June 2013

Foreign shares look attractive – Risk SA

Despite a weak economic landscape, South African equities have performed well over the past year, largely due to foreign investment in industrial and retail stocks. However, fund managers are unconvinced that this bullish sentiment can be maintained in the face of a dismal economic growth forecast of 2.7%.
view article

27 June 2013

Assessing South Africa’s Gold and Platinum Industry – CNBC Africa TV interview

The sentiment around the platinum and gold industry looks set to get worse as strike season gets underway. Abdul Davids shares his thoughts on the challenges and opportunities facing the sector. Watch interview
 

26 June 2013

Naspers toasts bet on emerging markets – Business Day

Listed media group Naspers said yesterday its internet revenue had for the first time surpassed that from its Multichoice pay-TV offering, as its gamble on its China-based Tencent social media site makes it the envy of industry rivals.
view article

26 June 2013

Telkom takes legacy assets impairment – Business Day

With the stroke of a pen, Telkom impaired the carrying value of its assets by R12bn yesterday, following a review by its board.
view article

23 June 2013

You need a strong stomach for your local assets – City Press

While a globally diversified fund may be the first choice, most South Africans have the majority of their assets in South Africa.
view article

21 June 2013

No reservations – Financial Mail

Homegrown and international hotel groups are expanding into the rest of Africa, as economic growth boosts business and leisure travel on the continent.
view article

6 June 2013

Telkom accounting changes to reflect fair net asset value – Business Report

A change in Telkom’s accounting process, aimed at reflecting the company’s net asset value more accurately, was under consideration, chief executive Sipho Maseko said yesterday.
view article

5 June 2013

Swak rand kan bitter oil wees vir groepe – Sake 24

‘n Swak rand kan farmaseutiese groepe laat les opse omdat die staat se enkeluitgangprys beteken dat hulle nie sommer medisynepryse kan verhoog nie.
view article

4 June 2013

Manufacturing battling to gain impetus – Sowetan

The seasonally adjusted Kagiso Purchasing Managers’ Index remained unchanged at 50.4 in May. This indicated the manufacturing sector was struggling to gain any real momentum, head of research at Kagiso Asset Management, Abdul Davids, said.
view article

4 June 2013

China sneezes, SA feels sickly – Business Report

Economic data from China have sent conflicting signals over the past few days about the outlook for the second-largest economy.
view article

4 June 2013

Manufacturing still facing hard times in spite of boost from weaker rand – Business Day

Local manufacturers face a difficult few months in spite of the competitive edge exporters gain from a weaker rand, which last week broke through R10/$, data released yesterday suggest.
view article

1 June 2013

Cipla Medpro buyout offer divides shareholders – Cardiology News

State tenders are becoming a major source of revenue for local drugs firm Cipla Medpro South Africa (CMSA). The group almost doubled its state business from R372-m to R693-m in the year to December and it expects this to rise to R1-bn in the current financial year.
view article

1 June 2013

Flexible packaging – South African Food Review

Flexible packaging is growing in popularity as it’s light, cheap and easy to transport, but packaging companies have to remain compliant to market demands to stay ahead.
view article

31 May 2013

IIlovo Sugar surges on higher prospects – Farmers Weekly

A weaker rand and prospects of higher sugar production in Malawi and Zambia are behind a surge in the share price of Illovo Sugar, which increased 18% between April and May this year.
view article

31 May 2013

Noncore asset chop? – Financial Mail

BHP Billiton’s aluminium and manganese operations in SA are likely to be next on the block as the group’s new CEO streamlines the portfolio.
view article

Camissa Asset management Logo

Contact

info@camissa-am.com
+27 21 673 6300
Fifth Floor MontClare Place
Cnr Campground and Main Roads
Claremont
Cape Town
7708
Map

FUNDS

Individual investor
Shariah investor
Institutional investor

LEGAL

Privacy Notice
Cookies

Connect

Email me
Subscribe to UP quarterly

Copyright © 2024
Camissa Asset Management (Pty) Ltd is a licensed financial services provider
All rights reserved

Subscribe to UP Quarterly

invest
now