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Mining industry loses billions to strikes
April 11, 2013--South Africa's mining industry lost over R15bn in production during the strikes in the 2012/2013 financial year, according to figures released by the SA Institute of Race Relations (SAIRR) on Thursday.
Just over R10bn was lost in gold and platinum production during the mining sector stoppages last year. "An additional R180 million was lost in coal production during the same period. The total value of production lost across all sectors of mining amounted to R15.3bn," SAIRR spokesperson Boitumelo Sethlatswe said in a statement.
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Source: FIN24
Bargain hunting, world markets boost JSE
April 10, 2013--Platinum stocks has led a broad-based relief rally on the JSE
as bargain hunters filed back into the market after a recent selloff.
Source: FIN24
Rand steady in dull trade
April 10, 2013--The rand has been steady just above the R8.90 level against the US dollar
in dull midday trade.
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Source: FIN24
Industrials, rand weigh on JSE
April 9, 2013--The JSE has pared intraday gains to finish weaker as a stronger rand
weighed on rand-hedge stocks.
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Source: FIN24
Bonds softer on increased supply
April 9, 2013--South African bonds has been slightly softer on increased supply due to the auction on Tuesday
and expected corporate bond issuance.
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Source: FIN24
Retailers, industrials underpin JSE
April 8, 2013--SA stocks have recovered slightly from last week's declines
as retailers and industrials led the market higher.
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Source: FIN24
Foreign demand and rand buoy bonds
April 8, 2013--South African bonds have been firmer supported by foreign demand and
a stronger local currency.
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Source: FIN24
JSE extends losses on weak US data
April 5, 2013--JSE losses steepened after the US reported a March jobs growth number that came in well below
market expectations‚ causing global stocks to drop slump.
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Source: FIN24
Rand firm, awaits US jobs data
April 5, 2013--The rand has been firm against the US dollar as dealers waited for the key economic data
point of the March US nonfarm payrolls at 14:30.
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Source: FIN24
Industrials, commodities fare worst
April 4, 2013--The JSE pared intraday gains to close the Thursday session firmly in the red as losses in the gold mining and platinum spaces weighed and a slew of negative global economic data prints and announcements added to the pressure on the local bourse.
At 17:00‚ the JSE All Share [JSE:J203] index closed 0.89% lower at 39 064.88 points‚ with the blue-chip Top 40 - (Tradeable) [JSE:J200] index giving back a similar margin‚ down 0.92%.
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Source: FIN24
