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Archive for January, 2009

Jan 31 2009

Germany’s Hansgrohe invests in SA

Published by under Companies,More News

Hansgrohe, the German producer of kitchen and bathroom fixtures and showers, got a foothold in the Southern African market when it acquired the privately owned local firm Personalised Bathrooms for an undisclosed amount and changed the name to Hansgrohe South Africa.

Read about the deal here and look at this picture of the management team.

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Jan 31 2009

Motlanthe for president!

Published by under Opinion,Top Stories

When the opposition to Thabo Mbeki’s presidency came to a head in 2008, I sided with the group which wanted him out. (Click on tag “Thabo Mbeki” in the right column for articles on Mbeki, or simply look at this.)

[Read on]

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Jan 30 2009

Cost of living not the problem

Published by under More News,Opinion

A recent international study ranked SA the second cheapest country in the world to set up in. However, SA was pulled down on the overall ranking of “Best places to live in” by a second criterium called “quality of life”.

SA was given a much lower ranking for “quality of life” (probably because of the high level of crime). Consequently, SA could only make it into seventh place on the “Best places to live” ranking, reported the International Investment site here.

Worse news: New Zealand was ranked “Best place to live”. 

Here is the full ranking for “Best place to live”: New Zealand, Italy, Australia, Portugal, Dubai, Spain, South Africa, UK, Florida, Singapore, Canada, France, Hong Kong and New York in that order.

PS. Not all will agree with France and New York’s low ranking! In fact, many might think these are the best places to be in the world.

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Jan 30 2009

Firstrand’s Indian interest goes for non-performing assets

Published by under Companies,More News

Arcil announced it would put down $120 million and raise another $480 million from other sources and then invest the whole lot in non-performing assets (NPA’s) , reported Reuters India.

Rand Merchant Bank, a division of FirstRand Bank of South Africa, holds 5% in Asset Reconstruction Company (Arcil), after buying the shares at 36 rupees per share in March 2007 for an estimated total of 400 million Indian rupees. Read more about this investment. 

Read here about Arcil’s brave decision to set up a $600 million fund to buy into the high risk/high return world of NPA’s.

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Jan 30 2009

And the winner is…Naspers

Published by under Companies,More News

Could this be 2009′s top technology? Check out what investment site The Motley Fool’s answer is to that question. Hint: Naspers is very well placed on this one…

And here more news of growing profits – also from Asia.

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Jan 29 2009

Another culprit found for financial crisis

Published by under Opinion,Top Stories

South African investment fundi Prieur du Plessis pointed to a very interesting video interview with US asset manager Jeremy Grantham in his latest newsletter. It’s worth a watch. [Read on]

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Jan 28 2009

InBev fails to sell German business

Published by under Companies,Top Stories

Belgium beer brewer InBev’s attempt to sell its German breweries, operations and rights to licenses to the German brewer Radeberger for over €1 billion failed after a long period of negotiation. [Read on]

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Jan 28 2009

About marketing SA wines abroad

Published by under Opinion,Top Stories

The February issue of WINE magazine landed in my post box this morning and after a first “page-through” I must coin a new wine term. 

The term is ‘brand bubble’. No, it has nothing to do with the oft-heard term ‘wine lake’. It refers to an oversupply of another kind, namely of labels, or brands in the Cape wine industry. [Read on]

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