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UNDERPINNING CONFIDENCE By Andrew McNulty Far from extending the recovery that started towards the end of the first quarter, share prices of JSE-listed banks have continued to languish. A few weeks ago the FTSE/JSE banks index was close to its low reached during the Unifer and Saambou ... BUILDING OFFSHORE MARGINS By Andrew McNulty The direct cost of Bidvest's failed bid for Brake Bros in the UK, it has now been revealed, was £1,1m (R17,6m in today's money), which seem acceptable school fees for a group with pretax profit last year of R1,43bn. There was another cost in that... SA COMPANIES IN THE NET By Andrew McNulty After the wild bull market and the corporate scandals, politicians and regulators in the US are rushing to bolt the stable door. Since President George W Bush signed the Sarbanes-Oxley Act on July 30, the CEs and chief financial officers of do...

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