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Wednesday, July 06, 2005

Finance Week - 6 July 2005

Cover story - Oppenheimer at 60

Openers
  • Life Offices' Association - Comments inadvertently released via email to the media regarding changing the new code on policy benefits after they come into effect have created a storm regarding the credibility of the LOA. FW asked LOA executive director Gerhard Joubert to comment
  • Pension funds - Twist in retirement annuity debate
  • Banking - A cautionary note
  • Property charter - Funding remains a challenge
  • Kebble Family - More courtroom drama than six episodes of Law & Order
  • Nothing sacred - Unlucky strike
  • The neighbour nobody wants
  • Open season - Revolutionary change essential
  • Brand and Oberholzer

Companies and markets

  • Steel - The share prices of the world's leading steelmakers feel sharply over the past two weeks following further indications that at least a temporary oversupply of most steel products is developing worldwide and prices dropping. But investment in SA steel companies still looks attractive
  • Between the sheets - Share and share alike
  • Technical analysis - Anglo still bullish
  • Old Mutual - An American adventure
  • Portfolio pointers - Oceana ; Cargo Carriers
  • PSG - Still on track but ...
  • Many happy returns
  • Directors' dealings - Ensuring control
  • John Daniel Holdings - Getting your two cents' worth

Property

  • Estate agents - Though estate agents who focus exclusively on the interests of house buyers - rather than sellers - are not unusual overseas, buyer's agents haven't yet gained a foothold in South Africa. However, some analysts think that its time for buyers to begin appointing their own agents

Economic trends and analysis

  • Sugar - sweet beet
  • Food aid - The EU tightens its belt
  • European Union - Sticky fingers
  • The economy - The headlines screaming that 136 000 jobs had been lost in the first quarter of this year brought to mind President Thabo Mbeki's recent complaint that SA's jobs statistics are wrong. Are there grounds for saying that the figures must be handled with care, as they may be deficient?
  • In the spotlight - the rand's 'real' value
  • Sugar - Free trade leaves bitter taste
  • Consumer spending - No bust following boom

Business strategy

  • Smart cards - By 2010, SA's smart card could have quadrupled. Its estimated that 50m smart cards will be issued over 2004 and 2005 alone. Consequently, on the surface SA's smart card industry has never had such good prospects - though investors must be wary of what lies beneath the gloss
  • Industrial Development Corporation - Backing the Congo

Communication & Technology

  • Offshoring - Corporations that are shifting jobs - such as call centres and computer programming - to a remote location offshore at a fraction of the cost might be rethinking their strategies, which could have a negative effect on SA's fledgling industry
  • Cellular - MTN joins 3G fray
  • MTN's Africa operations wait for 3G
  • Hybrid headsets - More talk, more action
  • Bluetake iPhono BT420EX headset
  • GN Netcom 6210 headset
  • BlueAnt Supertooth II portable car kit

Creating wealth

  • Unlisted shares - It must be the buoyant stock market conditions and mini-frenzy in new listings that's prompting an up-swell in the number of unlisted share pitches - both on public and private platforms. We know of at least five small, unlisted companies currently pitching for funds from the public and investors - especially inexperienced participants - need to be very careful
  • Royal Doulton - A rare commodity
  • Hedge Funds - Slowdown - but no need to panic
  • Private buy - Upfronts here to stay

Surveys

  • Focus on Old Mutual Evergreen
  • Focus on Offshore Investments

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