LONG TERM TREND BEARISHINTERMEDIATE TERM TREND BEARISHSHORT TERM TREND BEARISHVERY SHORT TERM TREND NEUTRAL/BEARISH In our last update.. Continue reading…
LONDON — For the second successive year, South African banks have been rated the very best in the world in the annual Global Bank Quality Benchmark compiled by the Lafferty Group. The analysis, which assesses factors like management and strategy alongside the normal balance sheet data, rates Capitec the only five star bank on earth, with Absa.. Continue reading…
Relatively large moves Monday (up) and Tuesday (down) were followed by the small volatility the rest of the week that has marked almost all of 2017. The NASDAQ jumped 1.4% Monday, the largest gain since Nov 7th as the relatively moderate selling the prior week was offset. “Tech got beat up unfavorably over the past.. Continue reading…
There Is Bad News All Around. There is not an awful lot of good news about. And every time we battle to pull off some improvement, government tends to score an own goal. Witness the exchange rate’s reaction and JSE selloff over the past few days following the Mining Charter ‘announcement’ as well as the.. Continue reading…
EDINBURGH — It doesn’t get much lower than stirring up racial animosity in the country with the legacy of apartheid hanging around its neck. South African society is riven with tension. After Nelson Mandela, emeritus Archbishop Desmond Tutu and others ensured a relatively peaceful transition to democracy, all the hard work has been rapidly undone… Continue reading…
A week ago Friday the NASDAQ put in an “outside reversal” day – this is approximately a day where the trading range exceeds both the prior day’s intraday high and intraday low, and then a close below the prior day’s intraday low. See our NASDAQ chart from a week ago below: This is often a.. Continue reading…
The Constitutional Court on Thursday declined to hold social grants minister Bathabile Dlamini personally liable for legal costs in the social grants fiasco – for now. Instead it ordered a legal inquisition of sorts centred on whether she had misled the court, a process that could still force her to pay legal costs out of.. Continue reading…
LONG TERM TREND BEARISHINTERMEDIATE TERM TREND BEARISHSHORT TERM TREND NEUTRAL/BEARISHVERY SHORT TERM TREND BEARISH Following the entirely unsurprising announcement of.. Continue reading…
South Africa’s state owned enterprises have been hit by one scandal after another signalling serious political and corporate governance failures. The largest of these, the power utility Eskom, has seen its CEO Brian Molefe resign, then return, and then be fired – all in the space of seven months. This was followed by the unexpected.. Continue reading…
CAPE TOWN — One of the most attractive things about the Fourth Estate is that it manages to equalise the otherwise deeply skewed power balance between billionaires and politicians, and humble, hard-working, honest scribes who can take them on, blow for blow. In the battle for hearts and minds, bent and manipulative politicians and captains.. Continue reading…