Egypt contagion unlikely in sub-Saharan Africa

Though some Middle East and North Africa (MENA) equity markets fell at times by 20% or more following popular unrest in Tunisia and Egypt, there is a relatively low risk of ‘Egyptian contagion’ affecting equity values in sub-Saharan Africa. The positive view comes from Botswana-registered Imara, a merchant banking and investment management group that markets […]

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Gold Bullion – is a cycle low imminent?

Gold bullion has declined by over 6% since the end of 2010 in what is probably an overdue correction after a stellar performance (+29,6%) last year. “The yellow metal reached an intraday low of $1,308,25 last week but, with the turmoil in Egypt acting as catalyst, it reversed its course sharply and is now trading […]

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Solid gains for PMI

The seasonally adjusted Kagiso PMI posted solid gains in January, gaining 2.9 index points to reach 54.6 – the highest level since April 2010. Theo Vorster, specialist consultant from the Kagiso Group noted that “The improved reading provides further evidence that the PMI decline to below 50 in September / October 2010 was largely the […]

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Rand strength – not bad, not good

The closing days of 2010 saw a roller-coaster ride for a rampant Rand which broke the R7 to the United States dollar mark and kept gaining until it reached R6.66. While the dollar has regained some of its losses, the Rand nevertheless remains at strong levels, trading at around the R7 mark. The effect of […]

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Theft from car dealerships on the rise

Criminal gangs looking for expensive vehicles are increasingly targeting car dealerships, with eleven vehicles being stolen from showroom floors in the Western Cape in the past few months. However, with these vehicles simply being driven away rather than broken into, many dealerships only find out after the theft has taken place that their insurance does […]

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Integrated Reporting Guidelines make SA an attractive investment partner

In recent years South Africa has proven itself a worthy contender on the global investment scene and a credible partner to international investors. As the first country to introduce integrated reporting guidelines, South Africa further proves that it is serious about meaningful disclosure aimed at helping investors take the right decisions, says Leon Campher, CEO […]

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Recovering, but shaky, investor confidence

2010 was a difficult, but positive year for global equities, with the majority of returns being delivered in the last quarter on growing confidence that corporate earnings and global growth were looking up. South Africa came in way ahead of emerging markets as a grouping, while emerging economies as a whole recovered far more quickly […]

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No inflation surprise expected in 2011

At last week’s MPC meeting the Governor of the South African Reserve Bank, Gill Marcus, said that inflation for 2011 is expected to average 4.6% and edge up to 5.3% in 2012. Both numbers remain well the target range. Some surveys are showing higher numbers for 2012. Marcus was asked how confident she was about […]

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Managing flood damage

Insurers and homeowners equally responsible for managing flood damage Recent heavy rains have put insurers under enormous pressure to respond to flood damage claims from thousands of clients. Beyond the distress caused to policy holders, recent flood damage is also driving up insurers loss ratios. Since insurance is there to protect against unforeseen losses “a […]

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Bank confidence remains erratic

A survey released by Ernst & Young today (18 January 2011) indicates that banking profits remain erratic, with no clear recovery trend emerging, since the onset of the global liquidity crisis in the 3rd quarter of 2008. Although banking confidence has recovered since reaching an all-time low in the 2nd quarter of 2010, the survey […]

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