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
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
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
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
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
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 cash loans now
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
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
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
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