Best Consumer-Stock Gain Seen Ending on South Africa Valuations
Jan. 25 (Bloomberg) -- The world’s best-performing consumer stocks have become the lowest-rated by analysts after valuations of South African retailers and food producers climbed to the most expensive levels on record.
Five companies in the MSCI South Africa Consumer Staples Index including Shoprite Holdings Ltd. and Massmart Holdings Ltd. are rated the lowest among peers in 36 countries, according to more than 3,800 recommendations compiled by Bloomberg. The gauge, which rallied 23 percent in the past six months, may fall 2.3 percent within 1...
Retail September trade growth seen at 6.5%
Growth in SA’s retail trade sales at constant (2008) prices for September is expected to lose momentum to a decrease of 6.5...
SA upbeat over free-trade pact with South American bloc
Trade and Industry Minister, Rob Davies, says SA stands to accelerate its share of exports with South America’s largest eco...
Wheat Shippers Battle for Sales as Global Grain Glut Expands: Commodities
France may lose its place as the second-biggest wheat exporter after failing to win more than a dozen tenders in Egypt, the w...
Africa accesses internet by cellphone
Research firm Informa Telecoms & Media says one fifth of internet traffic in Africa will be carried by cellular networks by 2...
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