Zim land grabs threaten Tongaat Hulett – Business Report
The possible expropriation of land from Tongaat Hulett in Zimbabwe could see the company’s profit margins suffer as well as signal a need for the sugar manufacturer to expand to other regions, analysts say. Media reports suggest that the company’s problems with the indigenisation law may soon come to a head with local authorities asking […]
Future of BHP Billiton's Bayside smelter still far from clear – Business Day Live
BHP Billiton’s announcement that it is in consultations with employees about the proposed halting of aluminium smelting and associated services at its Bayside smelter in Richards Bay, KwaZulu-Natal, has taken a long-standing issue a step further down the road. view article
Hot stocks for 2014 – City Press
Investing in the stock market requires thought and time. Thought to choose the best possible stocks for your portfolio and time so you can ride out the market’s ups and downs. view article
Retail results: rude awakening – Moneyweb
Retail shares on the JSE fell across the board on Friday as sales updates from the major retailers told a sorry tale of slowing sales and rising inflation. Earnings forecasts are likely to be revised downwards. view article
Concern as PMI hits negative territory – The New Age
The Kagiso Purchasing Manufacturing Index (PMI) for December, the country’s leading manufacturing indicator, declined to 49.9, from 52.4 in November and 50.7 in October, figures released yesterday showed. Some analysts expressed concern about the outcome, arguing that the figures do not bode well given that a number of PMIs across the globe showed some sign […]
Aspen's transformational deals – Moneyweb
While its competitor spent the better part of a year negotiating its future, Aspen concluded four acquisitions that will add about R9 billion to the top line; advance its entry into 30 new countries and extend both its product range and manufacturing capability. view article
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 […]
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, […]
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
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 […]