Share Forum - Discuss JSE shares and join the Investor Challenge

KIO - 
DRD - 

Really?  A warning for us, the ones who is not in charge, who pay taxes and don't strike?

Yes, u frikkin tell him .... ... ... .. .. 

Then of course there is the 260 Million rant house as well ...  , yip, increase my tax next year, I will pay for the Stoep on the left side.

http://finance.yahoo.com/news/20-most-profitable-companies-world-175534730.html

These are the 10 most profitable companies in the world.

10. Microsoft Corporation
9. BP plc
8. Bank of China Ltd.
7. Agricultural Bank of China Limited
6. Samsung Electronics Co., Ltd.
5. Exxon Mobil Corporation
4. China Construction Bank Corporation
3. Gazprom OAO.
2. Apple Inc.

And No 1.

1. Industrial and Commercial Bank of China Limited

The Industrial and Commercial Bank of China is the world’s most profitable company, with a net income from continuing operations of more than $42.7 billion last year. However, the profitability of the bank is somewhat dependent on government policy. Notably, in 2010, ICBC marketed a trust product, called "2010 China Credit / Credit Equals Gold #1." The product was not explicitly guaranteed by the bank. However, after considerable government pressure, the company lent money to an asset manager to bail out customers from the product. Concerns about such shadow financing have been building in China for a long time. While ICBC is massive, with continued growth in assets, it has substantial exposure to such potentially risky products. These products, under certain scenarios, could weigh heavily on profits in the future.

Tech also doing well on JSE.

Asian shares shine on U.S. tech results, ECB hopes

ATLATSA  330 10.00%
DIGICOR  272 5.84%
QUANTUMF  335 5.35%
TELKOM  5580 4.49%
FONEWORX  260 4.00%

NPN 1.8%   

S&P 0.93%
Dow 0.40%
NDQ 1.19%

NPSNY. . +2.60%   
LDZA.F. . +4.72%   
0700.HK. . +0.96% 

TOKYO (Reuters) - Asian shares stuttered after giving up small gains on Tuesday, as modest relief on data showing the Chinese economy grew slightly more than expected failed to assuage lingering concerns of weakening momentum in the world's second-biggest economy.

China's gross national product expanded 7.3 percent between July and September from a year earlier, slightly above expectations but slower than the 7.5 percent clocked in the second quarter.

It was also the weakest growth rate in nearly six years, putting at risk Bejing's official annual growth target for the first time in 15 years and adding to worries that China is becoming a drag on the global economy.

"The data was better than I expected, more optimistic than we thought. But we definitely cannot achieve the 7.5 percent growth target this year," said Lin Caiyi, chief economist at Guotai Junan Securities in Shanghai.

Other data showed factory output rose 8.0 percent in September from a year earlier, beating expectations for a 7.5 percent increase and up from August's six-year low of 6.9 percent.

However, fixed asset investment and retail sales figures were weaker than expected, suggesting that Beijing still has reason to announce a fresh round of economic support measures though analysts don't see aggressive stimulus steps.

NPN -   
10c - 
DRD - 
HAR - 

Any1 thinkin to get into gold ?