| |
| Metal
Exchanges |
|
 In
February 2005 Lulu Xingwana, Deputy Minister of Minerals and
Energy, announced that Johannesburg could become the centre
for a Pan-African Metals and Minerals Exchange... click
here |
| Plastic
Futures |
 2005
sees the launch of the Plastic futures contracts on the London
Metal Exchange. As a large producer of plastic and plastic
related chemicals these contracts are going to provide a dollar
based hedging mechanism for the South African plastic producers
and end users. … Click
here |
| Securities
Services Act |
 New
Securities Services Act is set to put the South African securities
market on the world map… Click
here |
| Weather
derivatives |
Earnings
vs Cash based Valuation Techniques |
The weather has an enormous
impact on business activities of many kinds and varies both
geographically and seasonally. Faced with these weather challenges
and opportunities, a new financial instrument called a weather
derivative, has emerged … Click
here |
The ascendancy of shareholders
in most developed countries has led more managers to focus
on value creation as the most important metric of corporate
performance. Both earnings and cash flow valuation techniques
are widely used in practice. Whilst neither method is so flawed
… Click here |
| The
Changing Landscape : Retirement Funds |
The
SA Equity Market Risk Premium |
The National Treasury Task Team recently released a discussion
paper on the transformation of the retirement fund industry
... Click here |
 When
evaluating the past relative performance of bonds versus equities,
reference is often made to the equity market risk premium which
essentially measures the average return that investors would
expect over and above the “risk-free” rate of return
... Click here |
