Africa buoys SABMiller, hit by weak rand - Business Day
Africa has once again provided a fillip to SABMiller’s results, which showed solid growth thanks to emerging-market operations – although the weaker rand eroded SA’s contribution.
Nampak buys can operation in Nigeria - Business Day
Nampak has bought Alucan Packaging, a beverage-can operation in Nigeria, funding the deal through existing cash resources and debt facilities. Africa’s largest packaging group also said yesterday it had been granted an option to acquire a leading rigid plastics company in West Africa’s largest economy.
Hospital groups’ offshore bet ramps up - Moneyweb
Biegsessie oor mikrolener sondes - Sake Rapport
Ellerines was die swak plek, erken Leon Kirkinis, uitvoerende hoof van African Bank (Abil). Abil het hom in 2008 gekoop en daar was altyd ongelukkigheid daaroor onder beleggers. Vroer vanjaar het Abil uiteindelik aangekondig hy is nou ernstig daaroor om Ellerines to verkoop.
The case for passive and active investment management - Business Report
In this feature on the case for passive and active investing, Gavin Wood gives his view on whether the case for active management is stronger for some asset classes or markets than for others.
What value does your fund manager add? - Moneyweb
The debate around fees in the unit trust industry is an important one. It is right that investors should be aware of how much they are paying and asking questions about what they are getting in return. But they also need to be asking the right kinds of questions. View article
Nigeria te uitdagend - Sake 24
Woolies onttrek hom oor swak infrastruktuur, huurkoste Ian Moir Kaapstad. – Nigerie is toe nie die land van melk en heuning nie. “Woolworths is nie ‘n maatskappy wat gehalte inboet nie. Die besluit om hom aan Nigerie to onttrek, is in die belang van die groep en sy aandeelhouers,” se Abdul Davids, hoof van navorsing van Kagiso Batebestuur.
Will Vodacom take the gap? - Mail & Guardian
Vodafone’s interests in Africa maybe up for grabs if AT&T does acquire its European operations. A shake-up of the telecommunications landscape in Africa may be in the offing after United States giant AT&T said in an interview with Bloomberg that it was interested in acquiring United Kingdom listed Vodafone. AT&T said, though, that it was not interested in acquiring Vodafone’s operations in emerging markets but only its European operations.
ArcelorMittal in 'positive cash position' - Business Day
Steel producer ArcelorMittal SA says despite fairly weak trading conditions, it saw a rise in headline earnings to 50c per share in the third quarter ended September, and a positive cash position. But net cash fell sharply to R575m from the R1.1bn seen in the preceding quarter, following the normalisation of working capital after a devastating fire temporarily shut its main Vanderbijlpark plant earlier this year. The results also included a net positive effect from an insurance claim of R179m for the fire that had ravaged the Vanderbijlpark facility. Steel sales rose 3% year on year to 1.13-million tonnes, rising 9% quarter on quarter.
Mondi expects 25% profit rise in better market - Business Day
Mondi yesterday said in its interim management statement, from the end of June to end-September, that underlying operating profit was expected to rise 25% despite scheduled maintenance shutdowns during the second half of this year that will cost up to €60m. The global packaging and paper group estimates an underlying operating profit of €172m for the September quarter, from €138m in the comparable period last year. It says this comes about as a result of improved market conditions in packaging paper and also the performance of the South African division.
The companies to watch - Moneyweb
In a recent article we looked at which of the smaller unit trust managers are showing convincing signs of growth. Which of them, we asked, might grow into the big players of the future? It is however also worth looking at which asset managers are already in that transition – the “next tier” if you like. These are fund managers that have already established a reputation in the market and a broader product offering. View article
PMI index rebounds in October - New Age
South Africa’s key leading indicator of activity in the manufacturing sector rebounded to the 50 level mark in October after slipping 49.1 index points in September recovering some grounds by increasing to 50.7 index points, according to the Purchasing Managers’ index (PMI). Anything above the 50 point mark indicates expansion and below that level indicates contraction. However, despite the improvement, the seasonally adjusted Kagiso PMI remained below the average reading of 52.7 recorded during the third quarter of this year.