Rand's recent rally unlikely to halt march of inflation – Business Day
THE rand’s rally against the dollar over the past few days is too small to halt soaring fuel prices or improve the inflation outlook, analysts told Business Day on Monday. view article
Woolies clients 'will feel rate hike most' – Business Report
Spending among resilient consumers in the higher income brackets could be hampered by possible further interest rate hikes, Woolworths chief executive Ian Moir said yesterday However, should this happen he said Woolworths, which has outperformed its competitors both in the clothing and food spaces, would be able to cope with the consequences. view article
Construction: slight signs of promise – Financial Mail
The JSE’s construction sector, which is trading at a large discount to in-favour industrial stocks, holds pockets of value and is expected to undergo a re-rating in the medium term. view article
Kumba negotiates for Sishen right – Business Day
Kumba Iron Ore is in talks with the Department of Minerals and Energy about conditions for securing a mining right over an unallocated stake in its flagship Sishen mine as it contemplates a future free of time-consuming legal battles. view article
Barclays 'on track after tough period' – Business Day
Barclays Africa Group’s share price surged more than 5% to an intraday high of R130.50 yesterday after the bank reported a 14% rise in earnings as it showed bad debt was under control and its retail division’s turnaround plan was gaining traction. CEO Maria Ramos said the group was on the right track after a […]
PPC to build cement plant in Algeria – Business Day
Cement firm PPC plans to enter the North African market for the first time by constructing a 2-million tonnes a year plant in Algeria, together with a local consortium. The company’s African expansion drive – through which it aims to nearly double its revenue contribution from north of SA’s borders in three years – has […]
Lower your return expectations for 2014 – Personal Finance
Long-term investors should not expect to enjoy this year the spectacular returns they earned last year, but they need not fear the end of the bull market, especially in global equities. This is the view of a number of asset managers, who maintain a tempered optimism in the face of the recent market sell-off and […]
PMI off to slow start for 2014 as activity remains subdued – Engineering News
Amid persistent challenges, the seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) started the year unchanged at 49.9 points, while the business activity and new sales orders indices weakened, as demand remained subdued. view article
The gold-rush slowdown – Finweek
Analysts warn that the gold price may deliver a few false dawns in 2014, and that the general picture is a price pretty much where we find it today: $1 200 to $1 300 per ounce. They also expect more price volatility in the year. While this doesn’t make easy reading for the investor, it […]
Capacity to rein in cement prices – Business Report
Increased production of cement in South Africa is expected to result in lower prices. Ross Heyns, an investment analyst at Kagiso Asset Management, said the growth in cement demand in South Africa would be balanced by the increased capacity of existing players and the entry of Sephaku Cement to the market. “It is therefore unlikely […]