A strong case of self-belief – Business Day Live
Luxury brands icon Richemont raises the old investment dilemma of the appropriate premium investors should pay for a well established value fortress. view article
Agencies expected to downgrade SA's rating – Business Report
In seven days, international rating agencies Standard & Poor (S&P) and Fitch are expected to downgrade South Africa’s local currency rating. According to a note by Morgan Stanley, the agencies are expected to downgrade South Africa’s sovereign rating to BBB+ from A- next Friday. view article
Stable local coal market – Financial Mail
Forecasts for thermal coal prices over the next five years are mixed, making it difficult for investors to know whether to buy, hold or sell their coal shares. view article 500 cash advance loan
Businesses coming under cash stress – New Age
Experts warned that insolvency and liquidations rate are likely to spike in months ahead due to poor business activity shown in the latest Purchasing Managers Index (PMI), but some analysts argued that business rescue can create new investment opportunities in SA, with Chinese companies most interested. view article
Bond bears wound Impala over lost ounces – Bloomberg
South Africa’s costliest mining strike is sending yields on Impala Platinum Holdings Ltd.’s bonds to an eight-month high as lost production cuts the company’s revenue. view article
Manufacturing at record low – New Age
The key indicator for the country’s manufacturing sector, the Purchasing Managers’ Index (PMI), continues to tumble, falling to 44.3 index points in May, from 47.4 in April. This is further affirmation of the fragile state of the economy. view article
Sugar producers: much more than sugar – Moneyweb
If Professor Tim Noakes had his way, people would stop consuming sugar in all of its different forms. Fortunately for sub-Saharan producers Tongaat Hulett and Illovo Sugar, and their roughly 75 000 employees, consumption of the sweet stuff continues to increase. view article
SABMiller upbeat on savings plan's success – Business Day
SABMiller will save about R5.2bn a year by 2018 through its programme to create a groupwide business services unit and a centralisation of various back office functions, the company said yesterday after the release of its full-year results. view article
Managers lift platinum mine stakes – Business Report
Coronation Fund Managers and Kagiso Asset Management are increasing their exposure to the platinum sector, despite the protracted labour strike that saw the JSE platinum index fall as much as 6.7 percent in the three months to March. view article
Coronation falls on growth warning – Business Day Live
Coronation Fund Managers’ share price fell 6.7% to close at R96 on Tuesday after it reported a 69% increase in earnings for its six months to March, again warning this level of growth was unsustainable. view article