Daily Archives: July 3, 2013

Telkom outlook; and Moody’s downgrades Abil: Irnest Kaplan and David Shapiro

What’s behind the Telkom rally? And Moody’s outlook on Abil now negative. read more

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Chile’s CFR bids R12.9bn for Adcock Ingram: Andrew Thompson (Adcock), Sean Ashton (Anchor Capital)

How compelling is the offer? Why the market failed to get excited. read more

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Beat inflation – think pre-owned

Used car inflation at six-year low.

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De Beers miners to go on strike

After talks to mediate wage negotiations stalled. read more

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AMCU refuses to sign mining stability pact

Wants set of pre-conditions met before signing agreement. read more

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Shares, euro fall on concern over China, turmoil in Portugal

Global equity markets slide on signs of slowing growth in China as deepening turmoil in Portugal puts pressure on euro, threatens to reignite eurozone crisis read more

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Gold counters shed value on foreign selling

Labour problems in mining industry as well as political interference has investors selling South African gold stocks in favour of Australian counterparts read more

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NEWS ANALYSIS: Benchmark bond riding volatility storm

Volatile markets reflects investors’ uncertainty, hampering fixed investment as corporate decision makers defer commitments, reducing growth and job creation read more

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Gold extends gains on dollar drop

Gold rises more than 1% as dollar and equity markets remain under pressure after mixed US data, while investors look for further clues over stimulus tapering read more

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Oil rises on US oil stock decline and Egypt tension

Data from the American Petroleum Institute showed a 9.4-million barrel decline while Egypt’s President Mohamed Mursi rejected an army ultimatum to step down read more

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Old Mutual to buy controlling stake in Faulu Kenya

Old Mutual has announced that it is set to buy a controlling stake in the country’s second largest deposit taking micro-finance (DTM), Faulu Kenya. read more

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Dangote Cement to assist block makers

Dangote Cement Plc. has assured that it would continue to stabilise the price of cement without compromising on quality to create value for stakeholders in the building industry, especially block moulders. read more

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New Good Practice Guidelines take business continuity to the next level

Updated Good Practice Guidelines recently issued by the Business Continuity Institute offer practitioners and companies alike a significantly improved set of methodologies that are easier to follow and implement. read more

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Aggreko Expands Ivory Coast Power Project to 200 MW

Aggreko, the world leader in the provision of temporary power and temperature control services, has announced the expansion of its power project in Ivory Coast with the addition of 100 MW of generating capacity that brings the total combined output from the project to 200 MW. The extension of the power plant was officially inaugurated by the Prime Minister of Ivory Coast, His Excellency, Daniel Kablan Duncan, during a ceremony held on the 1st of July at the project site in the capital Abidjan. read more

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