Tuesday, December 14, 2004

Mboweni welcomes foreign banks
Reserve Bank Governor Tito Mboweni has no problem with a foreign financial institution acquiring a locally owned bank


Gold recovers to $438 on weak dollar
Spot gold was higher on Monday with the precious metal touching USD438 a troy ounce on the weak US dollar against the euro and the yen


Why bother to start a small business in SA?
Review shows that red tape continues to strangle new initiatives. There’s an increase in new businesses, but more liquidations too.


US raises interest rates to 2.25%
The US Federal Reserve raises interest rates to 2.25%, the fifth increase this year.


Who should benefit?
Controversy builds in the empowerment debate

Friday, December 10, 2004

Opec confirms output cut
Opec oil producers have agreed to reduce oil output by one million barrels a day from January 1, while leaving official production quotas unchanged


US trade war to flare up again as Airbus takes on Boeing
The new plane, known as the A350, could mark a new front in the transatlantic trade clash if, as expected, Airbus applies for launch aid

Thursday, December 09, 2004

SARB keeps repo rate unchanged
The South African Reserve Bank's Monetary Policy Committee has decided to keep the repo rate steady at 7.5% for the second consecutive MPC meeting


Tito: rand, oil not to be trusted
Interest rates are kept unchanged despite improved inflation outlook.

Wednesday, December 08, 2004

Live with rand: Tito
The Reserve Bank governor reiterates that market forces determine the rand.
Then what is the purpose of the Reserve Bank?: Grant


Govt. sets its targets: South African govt. says the country’s businesses must sell 25,1% to black investors.
So, how does this differ from the previous regime?




Tuesday, December 07, 2004

Goldfields shareholders reject Iamgold deal: Fifty percent plus one vote was required to pass the Iamgold merger but only 48.2% of participating Gold Fields shareholders voted in favour of the deal


Harmony down 6.3% as Iamgold fails


SARB leans into rand wind: The Reserve Bank has been on a dollar buying spree. How much stronger would the rand have been otherwise?


Global currency crisis looms


Race row as Mbeki blood rejected


US rules out joining Kyoto treaty: The US tells a UN conference on climate change it has no intention of joining the Kyoto Protocol in the near future.
Climate Alarmism hurts the poor


U.S. approves intelligence revamp


Niger president wins second term

Monday, December 06, 2004

Saudi gunmen 'killed': Saudi security forces have reportedly regained control of the US consulate in Jeddah after an attack this morning


Climate Alarmism hurts the poor


Fuel prices set to slide: A heavy slide in still-high dollar crude oil prices points to a further 10% fall in domestic fuel prices.


Resources splatter blood: A rash of broker downgrades, inspired by the sliding dollar, sees serious profit-taking in resources.


Jackpot for black non-execs: Standard Bank shareholders vote in favour of 3 black non-exec directors getting 125 000 shares each.


Pressure intensifies on Blunkett: Another weekend has seen further revelations about his private life

WILLIAM-REES MOGG: Labour's decline and fall


Oxfam blames the innocent, again