Nominal house price growth of 15.4% year-on-year (y/y) was recorded in February from a revised 15.4% in January, according to the latest Absa House Price Index.
This brings the average price of a house in the survey to R891 700 in February 2007.
However, the researchers pointed to growth potentially levelling off again later in the year.
In real terms y/y growth of 8.9% was recorded in January from a revised 8.9% in December, while nominal growth on a month-on-month (m/m) basis was reported slightly down at 1.1% after 1.4% growth in January.
Read more at FIN24.co.za
Tuesday, March 6, 2007
Google belted over copyright
The global software giant Microsoft hit out at Google over copyright in a newspaper column on Tuesday, accusing the search-engine giant of riding roughshod over intellectual rights in a rush to grab content.
Google "appears to be trying wherever possible to skirt copyright law's boundaries", Tom Rubin, a top adviser on intellectual property law for Microsoft, alleged in the Financial Times.
Read more at FIN24.co.za
Google "appears to be trying wherever possible to skirt copyright law's boundaries", Tom Rubin, a top adviser on intellectual property law for Microsoft, alleged in the Financial Times.
Read more at FIN24.co.za
Rand bounces back
The rand bounced back against the dollar on Tuesday on firmer global markets and as the rally on the Japanese yen lost steam, but traders warned recent stock market woes may not be over.
The local currency firmed sharply in early trade before steadying at around 1.3% stronger on the day.
It was trading at R7.4234/$ at 17:45, a gain of 1.1% from its previous New York close, clawing back heavy losses after sliding to a four-month low of R7.5410 on Monday.
Read more at FIN24.co.za
The local currency firmed sharply in early trade before steadying at around 1.3% stronger on the day.
It was trading at R7.4234/$ at 17:45, a gain of 1.1% from its previous New York close, clawing back heavy losses after sliding to a four-month low of R7.5410 on Monday.
Read more at FIN24.co.za
'AA won't be scrapped'
As long as imbalances of the past still persist, the government's affirmative action policy would not be scrapped, deputy president Phumzile Mlambo-Ngcuka said on Tuesday.
Replying to a question by an MP in the national council of provinces who had asked her if the government had any intentions to do away with the policy, Mlambo-Ngcuka said affirmative action was a corrective measure that could only be disbanded once its objectives had been met.
Read more at FIN24.co.za
Replying to a question by an MP in the national council of provinces who had asked her if the government had any intentions to do away with the policy, Mlambo-Ngcuka said affirmative action was a corrective measure that could only be disbanded once its objectives had been met.
Read more at FIN24.co.za
Monday, March 5, 2007
The Importance Of Dividends
"The only thing that gives me pleasure is to see my dividend coming in." --John D. Rockefeller.
One of the simplest ways for companies to communicate financial well-being and shareholder value is to say "the dividend check is in the mail." Dividends, those cash distributions that many companies pay out regularly to shareholders from earnings, send a clear, powerful message about future prospects and performance. A company's willingness and ability to pay steady dividends over time--and its power to increase them--provide good clues about its fundamentals.
Read more at investopedia.com
One of the simplest ways for companies to communicate financial well-being and shareholder value is to say "the dividend check is in the mail." Dividends, those cash distributions that many companies pay out regularly to shareholders from earnings, send a clear, powerful message about future prospects and performance. A company's willingness and ability to pay steady dividends over time--and its power to increase them--provide good clues about its fundamentals.
Read more at investopedia.com
Putnam, Citigroup, UBS Unshaken by Global Rout, Say Buy Stocks
The biggest money managers and strategists on Wall Street are standing their ground.
They say the four-year bull market in U.S. stocks will persist even after the Standard & Poor's 500 Index plunged the most since January 2003 last week on concern a slowing economy will hurt corporate profits.
Putnam Investments, which oversees one of the best- performing U.S. equity funds, and BlackRock Inc., the second- largest publicly traded U.S. money manager, say stocks are cheap.
Citigroup Inc. and UBS AG are telling investors to add to their U.S. holdings. All 15 strategists tracked by Bloomberg were sticking with their forecasts as of March 2. The S&P 500 lost 1.1 percent that day, bringing its weekly decline to 4.4 percent.
Read more at Bloomberg.com
They say the four-year bull market in U.S. stocks will persist even after the Standard & Poor's 500 Index plunged the most since January 2003 last week on concern a slowing economy will hurt corporate profits.
Putnam Investments, which oversees one of the best- performing U.S. equity funds, and BlackRock Inc., the second- largest publicly traded U.S. money manager, say stocks are cheap.
Citigroup Inc. and UBS AG are telling investors to add to their U.S. holdings. All 15 strategists tracked by Bloomberg were sticking with their forecasts as of March 2. The S&P 500 lost 1.1 percent that day, bringing its weekly decline to 4.4 percent.
Read more at Bloomberg.com
S.African stocks slide to lowest level in six weeks
South African stocks spiralled down to the lowest levels in six weeks on Monday, hit by a global rout in stocks and tumbling metals prices.
After a one-day respite on Friday when stocks bounced, the bourse got pummelled again on Monday on worries about growth in China and the United States.
"This is just across the board selling. It is not a stock specific story, this is a global equities story. Guys are just like rabbits in the headlights at the moment," Tubby Goodwin at Investec Securities said.
The JSE Top-40 blue chip index slid 2.5 percent to 22,416.21 points, the lowest since January 19, while the broader All-Share index shed 2.51 percent to 24,919.46 points.
The Top-40, which had gained 7.6 percent since the start of the year before the slide began last Tuesday, is now down 0.8 percent.
Read more at Reuters South Africa
After a one-day respite on Friday when stocks bounced, the bourse got pummelled again on Monday on worries about growth in China and the United States.
"This is just across the board selling. It is not a stock specific story, this is a global equities story. Guys are just like rabbits in the headlights at the moment," Tubby Goodwin at Investec Securities said.
The JSE Top-40 blue chip index slid 2.5 percent to 22,416.21 points, the lowest since January 19, while the broader All-Share index shed 2.51 percent to 24,919.46 points.
The Top-40, which had gained 7.6 percent since the start of the year before the slide began last Tuesday, is now down 0.8 percent.
Read more at Reuters South Africa
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