Mercado Released [27 July 2015]: SA: Interest Rate Hike
In a surprise move the South African Reserve Bank has hiked interest rates by 25 basis points to 6.0%. This was the first increase since July 2014. The Reserve Bank had maintained interest rates in order to assist the local economy which has battled with strikes and rolling black outs. Despite the fact that the […]
Read more...Mercado Released [20 July 2015]:Chinese Economic Growth
China scored better-than-expected growth in the second quarter of 2015. The largest Asian economy managed to achieve a growth rate of 7.0% on a year-on-year basis, beating the consensus view of 6.9%. On a quarterly basis, the economy achieved a 1.7% increase, compared to 1.4% which was achieved in the previous quarter. It seems that […]
Read more...Mercado Released [29 June 2015]:Whats for the Greeks?
Whats for the Greeks? If Greeks fail to pay the US$1.7 billion it owes the IMF tomorrow, might be worse for the lender than the Greeks. Under the fund’s policy, countries that miss payments are deemed to be in “arrears” rather than in “default.” If Greece fails this will blow the IMF’s reputation as the […]
Read more...Mercado Released [22 June 2015]:FED
The Federal Reserve confirmed last week that they will not raise interest rates this month. The chairwoman of the Fed, Janet Yellen, stated that the central bank does plan to act as soon as possible, however she did not offer clear guidance of the path for US interest rate hikes. The Fed also released its […]
Read more...Andrew Warren’s thoughts on his CEO SleepOut
So, the first South African CEO Sleepout has come and gone, and it was a privilege to be able to represent NMG Benefits and the broader NMG Group in this global initiative. I was among 250 CEOs who collectively raised over R25m for Girls and Boys Town, a South African charity focused on children in […]
Read more...Andrew Warren Interviewed on Cape Talk about his CEO SleepOut
Read more...Mercado Released [15 June 2015]:MINING PRODUCTION & MINERAL SALES
Total mineral sales including gold decreased by 1.1% YoY from R33.3 billion to R32.9 billion. Excluding gold, the mineral sales decreased by R0.6 billion (2.1%) to R28.6 billion. Major negative contributors to sales were iron ore, coal, non-metallic minerals and manganese ore, which contributed -6.9%, -1.5%, -1.2% and -0.8%, respectively to the total mineral sales. […]
Read more...Almost time for #CEOSleepOut
As South Africa commemorates the 39th anniversary of the Soweto uprising this Youth Month, it’s an apt time for a focus on youth development. At NMG, through our annual NMG Charity Challenge, we currently support three organisations that focus on youth development: Tembisa Child Welfare, Twilight Children’s Home in Hillbrow and the Elundini Centre for […]
Read more...Andrew Warren live on 702 talk radio #CEOSleepOut
Andrew 702 interview (right-click and save)
Read more...Mercado Released [8 June 2015]: OPEC MEETING UPDATE
OPEC kept its current output ceiling at 30 million barrels a day at a meeting in Vienna last Friday. The market expected OPEC’s decision. OPEC took comfort in a 33% rally in crude oil prices since January 2015 and a 56.9% drop in US drilling rigs since January 2015, cuts of billions of dollars in […]
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