Tuesday, 09 February 2010
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SAfm Market Update

Business news headlines: Hilton Tarrant, Moneyweb

Business confidence falls for a second consecutive month.


Market watcher: David Shapiro – Sasfin

‘I was surprised at the strength that we did see in all mining counters.’


Harmony Gold Q2 results: Hannes Meyer – financial director, Harmony Gold

‘We have … closed down some of the shafts that were non-profitable.’


Anglo Platinum results: Neville Nicolau – CEO, Anglo Platinum

Raising R12.5bn – courtesy of a rights issue.


Market review podcast (highlight): Piet Viljoen – Regarding Capital Management

The Angloplats rights issue and poor capital allocation in the mining industry.


Absa house price indices: Jacques du Toit – sectoral analyst in secured lending, Absa Retail Banking

‘It seems like the market is picking up. But it is still a very, very gradual process.’



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