Category Archives: News

China Fashionistas Get Best Deals on Gucci, Hermes Bling: Retail

Link

  August 22, 2014 News

With  Richemont’s trading statement less than a month away how will the Chinese market influence the numbers? Consultancy Bain estimates that Chinese purchased a third of all luxury goods sold globally in 2013, but growth in luxury spending in mainland China will slow to 2 percent this year after rising 30 percent in 2011, it forecasts.

S&P says will not follow South African bank downgrade by Moody’s

Link

  August 21, 2014 News

“At the moment they (banks) are on a stable outlook and we’ve got no plans in the immediate future to change the ratings on institutions outside an economic shock or an industry-wide shock,” S&P credit analyst Matthew Pirnie told Reuters.

Abil highlights woeful inadequacy of asset managers’ responses to market shocks

Link

  August 19, 2014 News

Gone is the myth that asset managers can accurately assess risk, whether they are specialist credit managers or equity analysts. (*HCI disposed of Abil between May 20th, 2013 and June 14th, 2013 @ an average price of 1776.31)

Fragile Five Looking Fragile Again as Fed Takes Root

Link

  August 15, 2014 News

The increased anxiety about developing-nation currencies comes as U.S. preparations to lift interest rates threaten to draw investment away from riskier assets.

By Ari Altstedter  Aug 15, 2014

Even Wall Street’s ‘worriers’ are acting like bulls

Link

  August 14, 2014 News

The Panic is on. Sort Of. A new survey of institutional money managers around the world by Bank of America/Merrill Lynch has found a sudden surge in worry and fear, and a rise in the number buying “protection” against a crash

AngloGold improves gold production in June quarter

Link

  August 11, 2014 News

ANGLOGOLD Ashanti improved gold production in the June quarter at a lower cost than in the year-earlier period

BY ALLAN SECCOMBE, 11 AUGUST 2014, 09:31

Sasol: Sentiment to the downside

Link

  August 11, 2014 News

Investors in JSE-listed petrochemical group Sasol will find an interesting story if they follow the change in analyst sentiment toward the stock over the last 3 months.

Author: Marc Ashton|10 August 2014 23:46

African Bank placed under curatorship

Link

  August 11, 2014 News

(Sarb) has placed African Bank under curatorship with immediate effect, announcing a R10 billion recapitalisation for the “good” bank

Author: Hanna Barry|10 August 2014 18:14