Talk Radio 702 - The World at Six http://www.702.co.za Talk Radio 702 - The Podcasts en-us 2006 11 March 2010 2 702webmaster@702.co.za Bowcalf challenges Eskom and Old Mutual's strategy to reduce debt Bowcalf CEO Mike Brain is outraged at Eskom's pricing policy for industrial clients, and Old Mutual CEO Julian Roberts announces the group's strategy to reduce debt. 11 March 2010 Pick 'n Pay has a new chief and Metropolitan profits dip slightly Gareth Ackerman steps up to the plate as Raymond Ackerman steps down. And consumer defaults and cancelled policies dent Metropolitan’s profits. 10 March 2010 Milling probe goes to the Tribunal and Liberty International demerges The Competition Commission finds evidence collusion into the milling industry and refers it to the Tribunal. And Liberty International splits its portfolio into two new companies. 09 March 2010 Sasol profits slip and the JSE looks to Africa Sasol’s future performance relies on the Rand as profits halve and the JSE boosted by renewed investor confidence. 08 March 2010 Government’s macro-economic plan and SA’s bad debt status Economic Development Minister Ebrahim Patel is looking at ways of using public and private retirement funds to in development projects. Bad debts still plague consumers. 05 March 2010 Standard Bank ups its game and Group Five spreads its wings Standard Bank wants to become more profitable in 2010. And Group Five to look overseas as local construction projects slow down. 04 March 2010 Arcelor-Kumba battle heats up and Aspen reports healthy results ArcelorMittal’s share price was hammered, dropping by 23% when it resumed trading today following a supply agreement spat with Kumba. And South Africa boosts Aspens results. 03 March 2010 New car sales positive and Steinhoff solid The car market is performing well after being hard-hit during the recession and furniture group, Steinhoff International reports a 4% drop in revenue. 02 March 2010 Bidvest disappoints and MTN CEO to step down Bidvest has admitted that its 2nd half performance was below expectation and Phutuma Nhleko decides it’s time to move on. 01 March 2010 Sun International profits slide and Sishen drops ArcelorMittal Sun International profits have dropped by 18%. And Sishen, a subsidiary of Kumba has cancelled its legacy, “cost + 3%, supply agreement with ArcelorMittal, opting to supply iron ore at a commercial rate to the steel giant. 26 February 2010