The need for entrepreneurs in South Africa
Posted on 29. Jul, 2010 by admin in Business-Financial Results
Entrepreneurship is not the solution to all the problems that countries experience, but it is the solution to most. Successful entrepreneurship is a major contributor to the alleviation of poverty and creation of employment opportunities. Economists believe that entrepreneurship has a positive impact on the growth of GDP and employment. Furthermore, the role of entrepreneurship [...]
Punk Your SME entrepreneur competition
Posted on 08. Jul, 2010 by admin in Business-Financial Results, Research
An exciting new competition for small business owners has been launched under the title of “Punk Your SME!”. The competition will invite South African small business owners to motivate why their business deserves to be “punked” and receive a shot in the arm to raise their profile.
Evolution One Fund reaches Final Closing At R700m
Posted on 22. Jun, 2010 by admin in Business-Financial Results
Earlier this month, South Africa’s first, specialised, private equity clean technology fund, Evolution One Fund reached its Final Closing milestone having raised ZAR700 million ($US94 million) in capital from local and foreign investors, including supranational and sovereign wealth funds.
SAB welcomes Competition Tribunal ruling
Posted on 14. May, 2010 by admin in Business-Financial Results
The South African Breweries Ltd(SAB) welcomes the Competition Tribunal’s decision to separate out aspects of proceedings relating to the company, following a hearing yesterday. The Tribunal today ruled in favour of SAB on its application to separate out key aspects of the proceedings. These deal with SAB’s distribution system and its use of appointed distributors; [...]
Henkel off to good start
Posted on 06. May, 2010 by admin in Business-Financial Results, News-Chemical
Multi-national chemical giant has made an upbeat start to 2010 Some of the key figures from its first quarterly trading update released on Wednesday · Sales increase by 7.8 percent to 3,512 million Euros · Organic sales growth of 8.8 percent · Adjusted operating profit: plus 79.1 percent to 421 million Euros · Adjusted EBIT [...]
P&G reports signs of a healthy company
Posted on 05. May, 2010 by admin in Business-Financial Results
Following the recent announcement of Procter & Gamble’s financial quarterly results Martin Kromat, Finance Director from Procter & Gamble South Africa, gives a local perspective on the financial trends of this multi-national company. Kromat says “Globally we are very pleased with this quarter’s results which include the fastest rate of organic volume growth in 18 quarters [...]
How safe is the Pfizer dividend?
Posted on 05. May, 2010 by admin in Business-Financial Results, News-Pharmaceutical
Sean Riskowitz from asset management firm Manhattan Financial takes a look at whether the pharmaceutical giant can retain its dividend to shareholders: By Sean Riskowitz, Manhattan Financial The pharmaceutical industry has long been associated with strong dividends, large cash piles and cures for all mankind’s chronic ailments. The lure of annuity revenue streams protected by [...]
SA consumers still under pressure
Posted on 19. Apr, 2010 by admin in Business-Financial Results
The South African consumer continues to seek out short-term personal loans to try and keep their heads above water, but there are signs that interest rate cuts are starting to take effect. That’s according to data drawn from the financial services product aggregator operated by Rival Financial Services which is a product owned by local [...]
Sanofi-Aventis tops pharma dividend payers
Posted on 19. Apr, 2010 by admin in Business-Financial Results, News-Pharmaceutical
By: Sean Riskowitz of Manhattan Financial Investing in stocks that pay high dividends is an effective way for the conservative investor whose concern is mainly with the preservation of capital. When investing for a high dividend yield, the most important consideration for the investor is the sustainability of such dividends. Hence research into the underlying [...]
Zimbabwe drops Indigenization Law
Posted on 13. Apr, 2010 by admin in Business-Financial Results, Research
Global consulting firm Stratfor is reporting that Zimbabwe has dropped its highly contentious Indigenization Law. Stratfor reports that a spokesman for Zimbabwean Prime Minister Morgan Tsvangirai said April 13 that the Indigenization and Empowerment Act has been rendered null and void following a cabinet meeting. This is potentially a critical development for Zimbabwe, South Africa [...]