Murray & Roberts

 

Letters to the Editor: September 30

Staff Reporter

The M&G's readers weigh in on COP17, Percy Zvomuya's article on the wealthy elite of European football, The New Age and more.

Murray & Roberts to cut 1 400 jobs

Staff Reporter

Murray & Roberts is planning to lay off 1 400 workers as tough economic conditions limit the firm's ability to expand, it was reported on Thursday.

Ready to roll in Nigel

Lloyd Gedye

Mbhazima Shilowa was in Derby this week to take delivery of the first Gautrain carriages, but the focus will soon shift to the East Rand town of Nigel

Mining counters give JSE momentum

Nicole Rego

Mining counters gave the JSE some extra momentum on Wednesday, pushing the bourse more than a percent higher by midday. At noon, the JSE's broader all-share index was 1,29% in the black, driven by a 5,45% rally in the platinum-mining index. Resources advanced 2,47% and the gold-mining index rose 1,07%.

Resources buoy JSE

Nicole Rego

The resources index kept the JSE in firmer territory by midday on Friday, enhancing the morning session's gains. At noon, the JSE's broader all-share index was up 1%, driven by the 1,75% advance in the resources index. The gold mining index recovered 0,06% but the platinum mining index gave up 0,23%.

JSE recoups earlier losses

Nicole Rego

The gold mining index and industrials helped perk up the JSE by noon on Thursday, helping it to reverse its losses from the morning session. By noon, the JSE's broader all share index added 0,62%. The gold mining index collected 1,86%, resources gained 0,35% but the platinum mining index pulled 0,96%.

JSE recovers off earlier lows

Nicole Rego

The JSE recovered some of its earlier losses by midday on Wednesday, as gold and resource stocks started to lift the market despite the negative global sentiment. Higher oil prices overnight spurred inflation worries among world markets, after oil closed above $100, prompting a global sell off in equities.

JSE stays firm, platinums strong

Jacqueline Mackenzie

The JSE remained firm at midday on Thursday, with platinum miners a feature following strong results from Impala Platinum earlier in the day. A 2% gain on Wall Street overnight and generally firm global bourses were also helping. By noon, the all-share index was 0,82% higher. Resources were 0,75% better and the gold-mining index advanced 0,90%.