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/ 26 November 2003
While South African retailers this Christmas season can expect an increase in sales volumes, lower price increases and even price decreases will likely see turnover increase at a much slower rate than in 2002. While total turnover in the retail sector increased by 13,4% in 2002, an increase of 5,3% is likely this year, a new survey found.
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/ 25 November 2003
The JSE Securities Exchange South Africa (JSE) was firmer in noon trade on Tuesday, taking its cue from higher world markets. Basket-buying by futures players also helped the local bourse. The all-share and all-share industrial indices were up 0,68% and 0,75% respectively.
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/ 24 November 2003
The JSE Securities Exchange South Africa was in positive territory at midday on Monday, taking its cue from stronger European markets. Telecommunications group Telkom was the morning’s most-traded stock after it reported superb results just before the opening.
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/ 21 November 2003
The JSE Securities Exchange South Africa (JSE) was flat just before noon on Friday after a lacklustre morning. Dealers said that the market was characterised by lack of interest and that after the JSE’s sharp fall on Thursday following the bomb blasts in Istanbul, people were taking to the sidelines.
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/ 20 November 2003
The JSE Securities Exchange South Africa was back in the red in noon trade on Thursday after the aftershocks of bomb blasts in Istanbul, Turkey’s largest city, sent European markets south and the JSE followed suit. Gold stocks spiked, however, as investors sought safe havens.
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/ 20 November 2003
The South African rand was steady against major currencies, but well off Wednesday’s best levels, in early trade on Thursday after correcting overnight. On Wednesday morning, the rand traded below R6,55 per dollar for the first time since early April 2000 after rallying overnight on the back of a dollar sell-off.
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/ 19 November 2003
The strong rand pulled the rug up from under the JSE Securities Exchange South Africa on Wednesday, sending stocks tumbling, with those at the top end of the market being hardest hit. While gold and platinum counters were boosted by higher precious metals prices, the rampant currency severely pared their gains.
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/ 18 November 2003
After spending most of the morning in the black, the JSE Securities Exchange South Africa drifted into the red just before noon on Tuesday on the back of futures-related selling and European markets coming off their highs. Gold stocks also weighed on the local bourse.
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/ 17 November 2003
The JSE Securities Exchange South Africa was awash with red at midday on Monday, with weak world markets and a robust rand taking their toll on local stocks. While weakness was most pronounced on the Top 40 index, selling was seen almost across the board.
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/ 28 October 2003
The JSE Securities Exchange South Africa was trading in the black in noon trade on Tuesday, driven by positive corporate news and good performances by heavyweight dual-listed stocks offshore. Gains were seen across the board, with advancers outnumbering decliners on the all-share index by more than two to one.