Metair posts 19% jump in year earnings, Business Day
Automotive parts manufacturer and retailer Metair yesterday reported a 19% increase in its headline earnings per share to R3.10 for the year to December, benefiting from strong vehicle sales growth. view article
A tight race – Financial Mail
The big four banks are shying away from unsecured lending to lower-income groups, but for at least three, unsecured lending to higher-income groups is still a money spinner. view article
African Rainbow Minerals: spectrum of choices – Financial Mail
African Rainbow Minerals (ARM) management has been hinting at acquisitions for several years but has highlighted that with so many commodities of interest, it is impossible to guess specific targets. view article
Manufacturers edge up with better sales orders – New Age
THE Purchasing Managers Index (PMI), the key indicator of the state of the country’s economic activity, increased for the second consecutive month and rose above the key 50-point mark in February for the first time since August last year. Bad Credit Secure Loans view article
Manufacturing sector strengthens – Herald
THE seasonally adjusted Kagiso purchasing managers index (PMI) improved for the second consecutive month in February, breaching the key 50-point level for the first time since August last year. view article
PMI points to expansion in factory output – Business Report
South Africa’s purchasing managers’ index (PMI) rose in February, showing an expansion in factory output for the first time in six months, as a weaker rand helped lift demand for locally produced goods, Kagiso Tiso Holdings said on Friday. view article
Kagiso PMI climbs again – Business Day
The seasonally adjusted Kagiso purchasing managers index (PMI) increased for the second successive month and rose above the key 50-point mark for the first time since August last year. view article
Old Mutual 'sees Nedbank as valuable' – Business Day
Old Mutual regards Nedbank as a valuable part of the group and its growth strategy, and it expects the South African bank to deliver about £167m (R2.3bn) in dividends to the insurer this year. view article
Market influences from another planet – IRFinity
Last year was particularly challenging for valuation-driven investors, many of whom have found that their short-term performance has lagged benchmarks. This is mainly due to powerful momentum forces at play in our market, fuelled by supportive short-term macroeconomic circumstances. view article
No super tax yet, but mines wait for review – Business Report
Mining firms were relieved that Finance Minister Pravin Gordhan had made no mention of introducing a contemplated “super profit” tax in his Budget speech on Wednesday, tax experts said yesterday. view article
