Lynn Bolin
Guest Author
No image available
/ 5 May 2004

SA has first environment-linked derivatives

South African financial services specialist Sterling Waterford Securities is breaking new ground in the international investment field with the planned launch of environmentally linked derivatives. The group’s upcoming carbon credit note issue will be a world first, while also providing the first formal trading facility for environmental derivatives.

No image available
/ 26 April 2004

Shoprite to unveil BEE initiative

Food retailer Shoprite Holdings will be announcing a black economic empowerment (BEE) initiative with the Department of Trade and Industry’s credit facilitation agency for small and medium enterprises, Khula Enterprise Finance, on Wednesday. Shoprite said the business venture will create positive spin-offs for BEE in South Africa.

No image available
/ 16 April 2004

Pick ‘n Pay earnings expected to rise by 20%

Pick ‘n Pay Stores, one of Africa’s largest food and general merchandise retailers, is expected to post a 20% rise in its fully diluted headline earnings per share for the year to the end of February 2004 when it releases its final results on Tuesday April 20. Dividends for the year are forecast to rise by 17,8%.

No image available
/ 15 April 2004

SA unit trust assets top R243bn mark

South Africa’s unit trust industry saw total assets leap to R243-billion in the quarter to the end of March 2004, from R230-billion in the previous quarter, on the back of continuing strong inflows and impressive performances in many sectors for the 12-month period to the end of March.

No image available
/ 8 April 2004

Metropolitan shares gaining popularity

Metropolitan, one of South Africa’s top four insurers, is currently enjoying a strong run of popularity among the investment community, reflected in both the performance of its share price, which has strongly outperformed the rest of the insurance sector so far in April, and rising trading volumes.

No image available
/ 8 April 2004

Top drinks companies launch SA venture

Leading international drinks companies Heineken, Diageo and Namibia Breweries have finalised the shareholder agreements for their new joint venture company in South Africa, the companies announced on Thursday. The joint venture combines the sales, marketing and distribution businesses in South Africa of the three shareholders.