JSE-listed ICT group Datatec announced on Monday that its subsidiary Logicalis UK&I bought Q Associates, a UK IT consultancy. The company focuses on data management, data protection, compliance and information security. Its clients are UK universities, the UK government and commercial clients.
"Friday's payroll report indicates an overheated labour market that continues to tighten further," said SPI Asset Management's Stephen Innes. The jobs figures left Wall Street's main indexes mixed Friday, and Asia followed suit with markets fluctuating in early trade. A rise in US stockpiles was partly responsible for a 10 percent drop in the commodity last week, pushing WTI below $90 for the first time since February.
"I would like to thank my fellow board members and executive management for their support over the years," Kenney said.You cannot escape the fact that inflation in USA is at 40y highs and interest rates have shown a huge % increase on a low base. Earnings will fall over next year, but still the big pressure is on rating of the market. Inflation will fall materially next year and so will rates.
India bounced back strongly from the coronavirus pandemic with one of the world's fastest growth rates but is now grappling with rising costs as commodity prices remain elevated. He added that the Indian economy was"holding steady and progressing in an ocean of turbulence and uncertainty". Aggressive rate hikes by the US Federal Reserve have further exacerbated outflows, with foreign investors withdrawing a net $30 billion from debt and equity in the first half of 2022.
Production was 3% higher year-on-year, owed to marked improvements from the group's Australian and Latin American operations, which offset lower production from its Kibali and Geita mines in Africa. In the comparative period, basic earnings of R47 billion and earnings per share of R59.96 cents, benefited from the reversal of impairment losses on property, plant and equipment and the prepayment of royalties of R10.6 billion.
However, while markets have enjoyed a broadly positive week, optimism remains at a premium as traders fret over issues including the conflict in Eastern Europe, China's military drills around Taiwan and a possible global recession.
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