Margins in information and technology (IT) firms are under pressure. According to Datacentrix, the industry is experiencing pressure, in particular from the telecommunications industry.
Media companies are increasingly developing digital strategies to sustain their operations, as more consumers opt to get their information and news online. The growth of the Internet as a result of lower data prices and the adoption of smartphones is steadily eroding the newspaper business.
The year 2013 could be the turning point for SA’s troubled fixed-line operator Telkom. Long suffering investors will be hoping that the company, whose share price dipped close to R12 in early 2013, will get a new lease of life when government announces its plans for the group.
Despite a weak economic landscape, South African equities have performed well over the past year, largely due to foreign investment in industrial and retail stocks. However, fund managers are unconvinced that this bullish sentiment can be maintained in the face of a dismal economic growth forecast of 2.7%.
The sentiment around the platinum and gold industry looks set to get worse as strike season gets underway. Abdul Davids shares his thoughts on the challenges and opportunities facing the sector. Watch interview
Listed media group Naspers said yesterday its internet revenue had for the first time surpassed that from its Multichoice pay-TV offering, as its gamble on its China-based Tencent social media site makes it the envy of industry rivals.
With the stroke of a pen, Telkom impaired the carrying value of its assets by R12bn yesterday, following a review by its board.
While a globally diversified fund may be the first choice, most South Africans have the majority of their assets in South Africa.
Homegrown and international hotel groups are expanding into the rest of Africa, as economic growth boosts business and leisure travel on the continent.
A change in Telkom’s accounting process, aimed at reflecting the company’s net asset value more accurately, was under consideration, chief executive Sipho Maseko said yesterday.
‘n Swak rand kan farmaseutiese groepe laat les opse omdat die staat se enkeluitgangprys beteken dat hulle nie sommer medisynepryse kan verhoog nie.
The seasonally adjusted Kagiso Purchasing Managers’ Index remained unchanged at 50.4 in May. This indicated the manufacturing sector was struggling to gain any real momentum, head of research at Kagiso Asset Management, Abdul Davids, said.
Economic data from China have sent conflicting signals over the past few days about the outlook for the second-largest economy.
Local manufacturers face a difficult few months in spite of the competitive edge exporters gain from a weaker rand, which last week broke through R10/$, data released yesterday suggest.
State tenders are becoming a major source of revenue for local drugs firm Cipla Medpro South Africa (CMSA). The group almost doubled its state business from R372-m to R693-m in the year to December and it expects this to rise to R1-bn in the current financial year.