Archive for June 3rd, 2008

source: Sunday Standard
by Gowenius Toka
01.06.2008 6:53:50 P

In his book, Benjamin Graham, the dean of Security Analysis, makes a very pertinent observation concerning investment in the stock market. “In contemplating the prospects of investing in the Stock markets,” he says, “companies and individuals must recognize that of all the risks worth of consideration, the highest risk lies in not having enough time, the right attitude and or correct information to make the right investment decisions.”

Every investor would have loved to have achieved the 368% growth of the IMARA stock in 2007 or the 100% in the SEFCASH stock, or they most certainly would have loved to have exited from STANCHART at P29.00 to avoid the 32% decline in the first quarter of 2008, or avoid the 27% decline in stock price of BARCLAYS and BIHL in the period ending 30 April 2008.

The ideal situation is to be able to do that year in and year out. However, that cannot always be. Moemedi Malindah, Head of Business Development at FinCraft said, “Unfortunately that is not likely; investors will win some and lose some.”
He said that the million dollar question is whether there are those who are [continue reading]

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source: Mmegi
By Business Reporter

Near-term diamond producer DiamonEx Limited (ASX/AIM/BSE-listed) announced on Thursday that all major civil works relating to the Processing Plant at its 100 percent owned Lerala Diamond Mine are complete.

The company said in an emailed statement that work is continuing on electrical and piping installations and ancillary plant items, and that the plant remains on target to be in production by the end of June.

Diamonex said the plant commissioning, commenced on April 23, will run for two months, concluding on June 26. It comprises four critical phases, being the pre-commissioning initial plant start up, the dry-commissioning operating and running every aspect of the plant, the wet-commissioning introducing water to the plant while operating and hot-commissioning introducing [continue reading]

source: News24
02/06/2008 17:02 – (SA)

Cape Town – Eskom does not have sufficient generating capacity to supply electricity to Zimbabwe, according to Public Enterprises Minister Alec Erwin

Giving a written reply to a parliamentary question on Monday, the minister told Lance Greyling of the Independent Democrats that because of the lack of generating capacity, no electricity has been scheduled for sale to Zimbabwe since July 2007.

“Eskom is entering into [continue reading]

source: Mmegi
BRIAN BENZA
Staff Writer

The new liquor regulations are too broad-based as interventions will not curb alcohol abuse, Lehlohonolo Matsela, Group Managing Director for Kgalagadi Breweries, has said.

Speaking at a media briefing on Sechaba results for the year ended 31 March 2007, Matsela said the move to cut consumption hours is based on a wrongly conceived presumption that all alcohol consumers behave in the same way, which is far from the truth.

“As a responsible corporate citizen, we do not condone alcohol abuse at all, but we also believe that there is need for a more targeted intervention to this issue rather than use a wholesale approach to every consumer,” he said.

“I think Government needs to target the youth, for example, and empower them or maybe firstly deal with that segment of the society most vulnerable to alcohol abuse.

“A large majority of consumers derive a sensible pleasure from alcohol consumption, and of course, we do not deny that there are those that [continue reading]

source: SouthAfrica.info
Michael Appel

2 June 2008

South Africa has contributed R1.5-million to the International Red Cross to help relief efforts in China, following the earthquake that struck the country’s Sichuan province in early May.

“We ourselves have always received support from the international community when we’ve had our own humanitarian or crisis situations,” said Deputy Foreign Minister Aziz Pahad in Pretoria last week.

“So on behalf of the South African government I’m very pleased to hand over this cheque [for R1.5-million] to help relief efforts in China.”

An earthquake measuring 7.9 on the Richter scale struck the Sichuan province of China on 12 May, destroying entire towns and villages, killing thousands and displacing millions of people.

“We are pleased to receive this amount of money which will go toward supporting our efforts in China,” said International Federation of the Red Cross and Red Crescent Societies country representative Seija Tyrninoska.

“The Chinese authorities responded well to the disaster and [continue reading]