IOB Talk December 2008

CEO's Message

What a year 2008 has been! The optimism and enthusiasm for the New Year was quickly eroded by the early load-shedding. Then the hint of the global financial crisis was replaced with unprecedented financial chaos. The fall of a bank 3 times the size of one of SA's large banks and the subsequent bail out of many supposedly stable organisations in the US and Europe has struck fear in the hearts of many South Africans.

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Absa Capital Lists First BEE ETF

First Ever BEE Exchange Traded Fund Lists on the JSE

Absa Capital – one of the leading investment banks in South Africa - and Vunani Capital broke new ground again today with the listing of NewSA, South Africa's first BEE Exchange Traded Fund (ETF).
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Interest Rate Cut

The SARB Monetary Policy Committee (MPC) took the decision to reduce its policy repo rate by 50 basis points, which should imply a drop in prime rate from 15.5% to 15%.
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Article of Resolutions

The New Year is beckoning and when it arrives along come many resolutions about how things will be different. Often these personal resolutions fail dismally because they are unrealistic. Body image is the root of many a rash and painfully unattainable resolution: 3 hours a day in the gym is simply not possible for most hard working corporate people.
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KPMG surveys big business in S.A. on current economic conditions

According to a KPMG Snap Shot Survey of the top 120 businesspeople in South Africa, difficult times are still expected into 2009, however, many remain positive as to the potential outlook for the country and economy in the future.
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Nedbank

JOHANNESBURG, Dec 9 (Reuters) - South Africa's No. 4 banking group, Nedbank, has agreed to a pan-African business tie-up with Ecobank Transnational Inc. to expand its reach on the continent, the companies said on Tuesday.
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South Africa Holding Firm in the Global Financial Crisis

Grindrod Bank Reports on the 8th M&A Mid-Market Forum in Milan
Grindrod Bank, the financial services arm of leading shipping and logistics company, Grindrod Limited, reports that South Africa is managing to hold firm in the current global financial crisis, and that its economy is, in fact, in much better shape than many other national economies. This comes after representatives from the bank attended the 8th M&A Mid-Market Forum in Milan earlier this month.
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The Perils of Sugar

WEDNESDAY, Dec. 10 (HealthDay News) -- Science is verifying what many overeaters have suspected for a long time: sugar can be addictive.
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