Strong start brightens VW’s outlook

Volswagen (VW) shrugged off previously cautious outlooks for 2010 profit, saying a forecast- beating performance in the first five months meant that it would now “significantly” exceed last year’s results.
 

Zimbabwe's inflation rate surges

Harare - Rising food prices drove inflation in Zimbabwe up to 6.1 percent in May, the national statistics office said on Tuesday, amid concerns about the country's efforts to climb out of economic collapse.

 

Scrapping, tough economy hit May Europe car sales

New passenger car sales fell 9.3 percent in May in the European Union as the effects of government support for the car industry slipped away and the economic environment remained difficult, industry association ACEA said on Tuesday.

 

British inflation falls from 17-month high

British annual inflation pulled away from a 17-month high point in May, official data showed on Tuesday, but remained stubbornly above the Bank of England's target level.

 

Mexico's retail sales improve in May

Mexican retailers group ANTAD said on Monday its members' same-store sales rose 6.2 percent in May, hinting that the battered sector could be picking up.
 

Consumer confidence gets World Cup boost

Consumer confidence remains "remarkably high", according to Cees Bruggemans, the chief economist of FNB.

 

Pick n Pay's pyramid structure under fire

Supermarket chain Pick n Pay has come under fire — just days before the group’s annual general meeting — for corporate governance shortcomings including a lack of independent directors and a proposed “extremely high” R3m fee for nonexecutive chairman Gareth Ackerman.
 

Retail property expected to lead out of recession

Although net income growth remains strong and above inflation across all property sectors, the sectors are reflecting different points in the property market cycle, with retail property expected to come out of the recession faster than industrial properties and offices.
 

'Consumers still reluctant to spend'

Consumers remain reluctant to spend despite indications of emergence from economic recession, retail sector leader at Ernst and Young SA Derek Engelbrecht said on Thursday, 10 June 2010.
 

Massmart urges negotiation

Wholesale giant Massmart has emphasised that retrenchments at the company can be avoided but members of the SA Commercial Catering and Allied Workers' Union (Saccawu) said it would not tolerate the company's arrogance.
 
Page 9 of 168

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South Africa looks to China for infrastructure lift

BEIJING - South African President Jacob Zuma on Tuesday urged China to invest more in infrastructure and manufacturing in his country, as his government seeks to broaden South Africa's economic appeal beyond mines and resources.

DTH delisting sanctioned

The court has sanctioned JSE-listed Dynamic Technology Holdings' (DTH's) buyout by Xantha Properties, the last approval the company needed for the deal to go ahead.

Nashua Mobile preparing for LCR market shift

Nashua Mobile, the independent telecommunications service provider in the Reunert Group, is moving ahead aggressively with new partnership agreements and the development of new products to prepare for reductions in mobile interconnect rates over the next three years.

SA economic drag anchors fully deployed

Reportedly, the Reserve Bank may only consider cutting interest rates if growth takes a (decided) turn for the worse and inflation remains non-threatening, with downside risk.

June retail trade sales expected to increase

SOUTH African retail trade sales at constant (2008) prices for June are expected to increase to 7.4% year- on-year from 4.6% in May, according to a survey of leading economists.



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