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Rand recovers after 3% fall
April 16, 2013--The rand has been slightly stronger at midday having fallen almost 3%
on Monday on a massive sell-off in commodities.
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Source: FIN24
Falling bullion price drags JSE down
April 15, 2013--Gold miners dragged the JSE down as the price of the yellow metal plummeted over $100
after China issued GDP growth numbers that came in well below consensus.
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Source: FIN24
US growth downgrade weighs on JSE
April 12, 2013--The JSE continued on its downward streak due to a selloff in world markets after
the International Monetary Fund has downgraded the growth forecast for the US.
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Source: FIN24
Rand softer as euro slips
April 12, 2013--The rand was softer in midday trade on Friday as the euro slipped.
"We are a bit weaker as the euro has softened this morning. We may see some more profit taking in the afternoon as investors square positions ahead of the weekend‚” a local foreign exchange trader said.
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Source: FIN24
Miners continue to weigh on JSE
April 11, 2013--The JSE pared intraday losses on Thursday, closing a tad firmer, while miners continued to weigh.
Profit taking in the mining sector overshadowed gains from industrials and financials‚ while US jobless claims fell more than expected‚ but this appeared to have no effect on the local market.
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Source: FIN24
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
