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June 30, 2010
The Bottom Line
Nick Wilson
Business Day
A dark horse has entered the retail race and it is bright orange. Metcash, the once struggling cash-and-carry business, has been making great changes away from the spotlight, after being taken private in an awkward fashion in 2004. The company, under its new CEO Peter Dodson, is converting to a hybrid model to keep the low-end wholesale customers while...
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June 30, 2010Good reason to stick with M&R despite blipBen TemkinBusiness DayFour of the counters in the Private Investor portfolio have been in the news recently — Pick n Pay, Murray & Roberts (M&R), Sasol and Bell Equipment. The news on Pick n Pay focused on the pros and cons of its pyramid structure, which I felt was a positive investment fundamental.
June 29, 2010Some stuff that may or may not make sense — and some adviceMichel PireuBusiness DayThe following pithy principles are offered by Richard Friesen in their raw form. “Some may make sense,” he says, “others may not.” We are who we are and we start from where we start. Every morning we agree to play as delighted beginners. Reality pays. The more our minds model the market, the more in synch we get.
June 28, 2010Consider financials as rationality returnsJean TemkinBusiness DayCommon sense is returning to markets. China’s engineering of the renminbi to appreciate only gradually makes sense, especially as, for the past six weeks, the dollar has lost ground. England’s severe belt-tightening budget makes perfect sense if the country is to avoid a repeat performance of the Greek tragedy.
June 25, 2010Andrew McNultyCrisis watchFinancial MailChina, with its decisive stimulus package and quick return to strong growth, did much to rescue the world economy from the financial crisis and recession. The Chinese economy, and its influence on the pattern of global recovery, is now entering a new phase after the decision by its leaders to allow greater flexibility in the exchange rate of the yuan.
June 25, 2010Investor’s NotebookStephen CranstonFinancial MailA friend of mine, who had been a Shakespearean actor as an undergraduate, applied for postgraduate studies at Columbia University 30 years ago. Because he had a Portuguese surname he was made to take the English test — put “and” in the right place, that sort of thing. I was lucky that when I applied for an international journalism course the manager of the Columbia Starbuck’s came from Cranston, Rhode Island and I was exempted from the test.
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June 30, 2010
Naspers shows media houses the way ahead
Nick Wilson
Business Day
For media companies battling with dwindling advertising and circulation figures, the answer is diversification. Many are looking at expanding online revenue to improve their bottom line.
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June 29, 2010
The Bottom Line
Nick Wilson
Bussiness Day
The Group of 20 summit has, in the words of commentary website Breakingviews, “lived down to carefully managed expectations”. Even President Jacob Zuma managed to state only what was...
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June 29, 2010
Investec to invest more in Africa
Janice Kew
Business Day
Investec Asset Management, the money manager with $70bn in assets, says its investments in Africa, excluding SA, might triple in the next two to five years as investors seek growth markets. Of the $70bn that Investec Asset Management oversaw globally, $27bn was in SA and $3bn in the rest of Africa, John Green, director of global business development, said in an interview from Cape Town.
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June 28, 2010
SIM survey shows brighter outlook on equities
Sure Kamhunga
Business Day
Investors had shrugged off concern about sluggish economic growth this year and were confident returns on the equity markets should continue to improve over the next six months, Sanlam Investment Management (SIM) said last week. Sanlam’s recent survey of investors provides a clear indication that the equity market remains an attractive source of returns.
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June 28, 2010
Credit figures to reveal consumers’ health
Mariam Isa
Business Day
Credit figures and a key manufacturing survey for last month will grab centre stage for domestic markets this week after a barrage of crucial data last week. Private borrowing is likely to have grown last month compared with the same month last year...
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June 25, 2010
Hedge funds tracking trends get all the cash
Katherine Burton and Saijel Kishan
Business Day
Hedge funds that bet on economic trends are attracting cash at almost double last year’s pace as they seek to profit from events such as Europe’s sovereign debt crisis and China’s decision to let the yuan trade more freely, managers say.
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June 25, 2010
An extra kick
Andrew McNulty
Financil Mail
Two years ago, when the JSE was slipping into a bear market and the economy was moving towards recession, many stocks were trading on high dividend yields. In some cases, those yields have helped boost investor returns during the downturn, despite the large number of dividend cuts across the equity market.
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MORE ARTICLES:
Swimming upstream
June 25, 2010
Tencent trouble not as bad as it seems at first
June 24, 2010
Back to basics in scramble for unbanked
June 21, 2010
An option for the bulls
June 18, 2010
Foreign direct investment the key to growth
June 14, 2010
Patchy performance
June 11, 2010
Constructing a future
June 11, 2010
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