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 […]
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 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. […]
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 […]
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
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
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
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
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
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