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News Archive |
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FNB TO REASSESS ALL BONDS GRANTED
Friday, August 08, 2008 (11 reads)
First National Bank issued a comment yesterday advising, that it would look to individually reassess mortgage bonds that the bank had previously granted to successful borrowers in instances where the property had not been registered as yet.
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Morning ideas
Wednesday, August 06, 2008 (9 reads)
The rand: Why is it as strong as it is?
The recent strength of the rand will have puzzled many. The trade weighted rand gained about 7% in July. Clearly rand strength is not explained by higher commodity prices. Gold, platinum and oil are all lower than they were and the rand has made significant gains on the Aussie dollar - the commodity currency par excellence.
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New driving points system
Wednesday, August 06, 2008 (13 reads)
Those caught speeding repeatedly will be especially
hit with hefty fines and demerits:
If you are caught doing up to 20% over the speed
limit, you will get a fine of R250, but no demerit points;
for example speeding up to 72km/h in a 60km/h zone
or up to 144km/h in a 120km/h zone.
If you’re 21-30% over the speed limit, you will get
one demerit point and a R500 fine – for example travelling
up to 78km/h in a 60km/h zone or up to 156km/h in
a 120km/h zone.
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Investec - Morning News
Tuesday, August 05, 2008 (17 reads)
Talking point: Some hope on the car sales front
There was a glimmer of hope in the new vehicle sales numbers for July, released by NAAMSA yesterday. While the year-on-year numbers were still very weak (-19.7% for all categories, and -19.1% for passenger vehicles), there was some good news in the month-on-month numbers.
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Investec - Morning News
Wednesday, July 30, 2008 (11 reads)
Talking point: Crunch time for interest rates - It is just over two weeks to go until the next meeting of the SARB’s Monetary Policy Committee meeting, on 14 August. Not so long ago, the expectation was pretty clear that another 50bps hike was on the cards, but the picture is much less clear now.
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Morning news - Another great deal for Aspen
Friday, July 25, 2008 (62 reads)
A big talking point over the last week has been the dramatic fall in the price of oil, which at $124/barrel last night in New York, was at a six-week low.
Cheaper oil has many implications, such as lower prices at the pump (petrol prices could fall by 30c/l in August), and in turn a better outlook for inflation. This in turn boosts confidence in interest-rate sensitive sectors such as banks or credit retailers.
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WEEKLY ECONOMIC MONITOR
Friday, July 25, 2008 (57 reads)
A weaker US dollar and higher precious metal prices supported the rand against major currencies over the past week. The unit ended firmer at R7,65 and R15,24 against the US dollar and the British pound on Friday from R7,74 and R15,30 a week earlier...
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Economic comment – Manufacturing production
Friday, July 25, 2008 (72 reads)
Annual growth in manufacturing output slowed in May, following a seasonally boosted jump in April. Over the three month period to May, manufacturing grew by 2,9% y-o-y, with 6 out of 10 major categories expanding, but ‘electrical machinery’ and ‘petroleum, chemicals products, rubber and plastic products’ categories fared much better...
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