Global Fundi Finance

What an interesting week for the SA Rand.  Fisrt big gains against the US dollar, then losing ground and last week saw the British pound and ZAR exchange rate stage a mini-recovery. The pair was languishing below the 12.0000 level last Monday – and of course by Friday lunch time, it had recovered to trade [...]

So will Minister Gordhan announce and implement what has been agreed upon to boost the economy. It is expected that the budget deficit will be even bigger than the 5.5% forecasted in October 2011, as economic gorwth, which affects tax revenues, has disappointed. Gordhan has stated the growth might well be below 3% this year – not [...]

We think this is a bout time that the banks get tough with their management and service  delivery improves.   For too long have huge bonus’s been paid and it seems that the plethora of management hoppers that move from one board to another or company to another with massive payments for just being their needs [...]

An increase in investor appetite risk saw the  Pound’s action over the past 5 to 6 weeks under heavy selling pressure against the Rand.  This must be because of weak UK data releases and of course support for the South African currency. This took the GBP ZAR exchange rate to a new 3-month low of [...]

Long Name: Harmony Gold Mining Company Limited Short Name: Harmony Sector: Mining JSE Short Name: HRM JSE Code: Mining (1777) Established: 25th August,1950 in SA. History Snippets for Harmony Gold: 2001: Acquisition of the Elandskraal Mining Operations from AngloGold LTD in April. Acquisition of New Hampton Goldfields LTD. Acquisition of 31.8% of the issued share [...]

Well, after close to 17 years at the helm, Jerry Yang, co-founder of Yahoo steps down. In a move that seemed to be on it’s way since new CEO Scott Thompson has taken over. It appears as though the move by Scott Thompson to get Yahoo onto a new course is working. Since 2005, Yahoo [...]