Narrow NAV discounts spell no bargains Link October 1, 2014 News When markets get high, as they are now, discounts tend to narrow as investors search for every bit of value they can find. This is particularly evident with Remgro, where the discount is around 6%, after narrowing to 1% recently. See chart for NAV comparisons. Sasha Planting 01 October 2014 00:22
Barclays: Cut emerging markets exposure, buy Japan Link September 25, 2014 News The appeal of emerging markets stocks has faded at Barclays. EM stocks “no longer hold the attractions they did earlier in the year,” Barclays told clients Wednesday as it cut them to neutral from an overweight rating
Big miners struggle to tame China with iron ore glut Link September 23, 2014 News Plans by the world’s top iron ore miners to knock out high-cost rivals with a flood of cheap ore have had some success, but are meeting resistance where they had hoped to make the biggest inroads – in China.
Anglogold Ashanti Pulls Plug on Demerger Link September 16, 2014 News AngloGold Ashanti has pulled the plug on a spin-off of its global operations after a shareholder revolt against plans for a new London-listed company and a $2.1 billion rights issue, it said on Monday.
Anglogold sale pushed by central bank – Value destructive Paulsen said Link September 15, 2014 News AngloGold initially sought to raise just over $1 billion from investors. That was increased to $2.1 billion to satisfy the conditions of the South African Reserve Bank for the split of the company
AngloGold Raising $2.1 Billion Amid International Split Plan Link September 10, 2014 News AngloGold Ashanti Ltd. (ANG), the world’s third-largest gold producer, plans a $2.1 billion rights issue as it spins off operations outside South Africa into a new London-listed company. The stock slumped the most in six years on news By Christopher Spillane and Dylan Griffiths, Bloombergs
Is JD.com a better buy than Alibaba? Link September 9, 2014 News Some analysts argue that Alibaba’s main rival JD.com could offer a better bet. Bodes well for Naspers thanks to Tencent’s stake in JD.com. Alibaba has 80% online shopping market share and JD a 20% market share. Katie Holliday CNBC
BrandSA sells SA investment despite ‘labour instability’ Link September 5, 2014 News Mr Zhou said he was encouraged by the specialists, particularly those in mining and small enterprises, who did not hold back in setting out the opportunities and challenges presented by investing in SA. BY MARVIN MEINTJIES, 05 SEPTEMBER 2014
PIC favours platinum shares over gold Link September 1, 2014 News Output tumbled at Anglo American Platinum, Impala and Lonmin after a five-month wage strike this year, prompting them to review growth plans or put mines up for sale. “We want to hang in there,” Matjila said.“It should bounce back at some point. We are a long term player.” Bloomberg News
Lonmin aims to cut up to 5,700 South Africa jobs – sources Link August 26, 2014 News Platinum producer Lonmin aims to cut around 5,700 jobs, about 21 percent of its South African workforce, as part of a drive to restore profits after a five-month wage strike this year. Author: Reuters
