Finding value in a worried bull market – Finweek
What we are currently seeing on the JSE is certainly out of the ordinary. It is a rare thing for record highs to be met with such a lack of enthusiasm. Investors have benefitted from an incredible bull run over the last six years, but there is a very palpable underlying nervousness about where this […]
Soft drink sales drive gains by SABMiller – Business Day
Double-digit sales increases in SA and the rest of Africa helped lift SABMiller’s group net producer revenue — or sales excluding acquisitions, disposals and currency movements — by 6% in its three months ended June. A strong Easter trading period in SA boosted domestic beverage sales growth to 12%, while recovering lager volumes elsewhere in […]
Woolworths looks to lead southern hemisphere after deal – Business Report
While the Federal Court of Australia is expected to tie up loose ends on one of the biggest departmental store deals this week, retail analysts said yesterday that the Australian market was the perfect destination for Woolworths to grow its footprint. Woolworths will soon know if the Australian court approves of its R22.3 billion deal to […]
Food producers' stocks return to favour – Business Day
Food producer stocks have made a strong run since late February, with sector giant Tiger Brands being among the largest gainers despite some negative announcements. “In February, the food producers index was trading at a five-and-a-half-year low relative to the All Share Index.” Kagiso Asset Management analyst Victor Seanie said yesterday.
Can you mitigate against a market pull back? – Moneyweb
Right now is one of those tricky times to be in the stock market. While investors have benefited from the strong gains on the JSE and other exchanges around the world, there is nevertheless an underlying uncertainty about how long this can continue. Gavin Wood discusses the market in this article and outlines where we are […]
PMI ticks up slightly but local factory sector continues under pressure – Engineering News
While the seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) recovered slightly in June, edging up to 46.6 index points from 44.3 in May, the average PMI for the second quarter, at 46.1, was below the neutral 50-point mark and the first quarter’s 50.6 index point average.
