THE COMPANY: Kumba is a listed iron ore miner and a 65% subsidiary of global diversified miner Anglo American, benefitting from group procurement and mine optimisation strategies, for example. Kumba was formed by a demerger in 2001 from South African integrated steel company Iscor and a subsequent...
Two important changes were announced in late 2011 that are likely to boost activity on the Johannesburg Stock Exchange (JSE): the reclassification of foreign-domiciled companies on the JSE as local listings and a cross-listing initiative with an alliance of exchanges from the Brazil-Russia-India-China-South Africa (BRICS) emerging market bloc. As these initiatives are carried...
While international bond issuance slowed slightly in 2011, dropping 5.3% to $3.37trn from the $3.39trn the previous year according to Bloomberg, debt issuance by African sovereigns and corporates outside the northern Arab states hit a record high of $12.4bn in 2011, a 17% rise on 2010, as data from Dealogic show. Corporate debt issuances in South...
THE COMPANY: Barloworld, founded in 1902 to sell wool products, is a South African-based engineering equipment retailer. Charles Barlow expanded the business into the distribution and servicing of Caterpillar equipment in 1927. Since 1927 the company became one of Caterpillar’s leading dealerships in...
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