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/ 12 November 2007
South African fixed and wireless broadband connections are expected to reach more than 3,3-million subscribers over the period 2007 to 2012, according to a report by ICT market research group BMI-TechKnowledge. It says the increase in connections represents a compound annual growth rate of 33% from this year until 2012.
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/ 9 November 2007
The JSE continued to advance by noon on Friday as BHP Billiton’s announcement from Thursday flowed through the market. On Thursday, BHP Billiton admitted to having made a play for rival Rio Tinto, which put to rest days of market speculation over whether BHP Billiton was in fact courting Rio Tinto over a potential tie-up.
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/ 25 October 2007
The JSE remained firm at midday on Thursday as activity in the banking sector continued to dominate the market. At noon, the all-share index was up 0,97%, led by a 3,34% climb in the platinum mining index. The gold mining index gained 1,34% and resources rose 0,69%.
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/ 24 October 2007
The JSE remained in negative territory at midday on Wednesday, as banks took a dip on the release of discouraging CPI data and resources were lower on a firmer rand. At 11.59am, the all-share index was 0,25% lower, as resources dipped 0,35%. However, the gold and platinum mining indices advanced 0,28% and 0,35% respectively.
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/ 18 October 2007
The JSE was clutching on to gains at midday on Thursday as heavyweights in the resources and industrial sector kept the bourse firm. BHP Billiton and Anglo American kept the resource index up, and SABMiller lifted the industrial index. By noon, the all-share index was 0,13% higher as industrials advanced 0,25%.
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/ 16 October 2007
The JSE extended its losses by midday on Tuesday as a sell-off in banks on Wall Street’s credit concerns and higher oil prices added to negative sentiment. Banks and financial stocks have pulled back throughout the morning session, after Citigroup in the United States lost 3,4% overnight, which triggered a sell-off on Wall Street and re-sparked global credit concerns.
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/ 15 October 2007
The JSE scraped back into the black as firmer metal prices outweighed a firmer rand, creating support for the local bourse. By noon, the all-share index was 0,28% better, as the gold mining index advanced 1,12%. Resources were up 0,87% and the platinum mining index was 0,18% higher.
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/ 11 October 2007
South African fixed-line telephone operator Telkom said in a cautionary announcement on Thursday that its discussions with Vodafone and MTN are still ongoing. Telkom said discussions were part of its mobile-strategy review, and that shareholders are advised to continue exercising caution when dealing in their shares until a further announcement is made.
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/ 11 October 2007
Resource stocks added plenty of extra muscle to the JSE on Thursday, which was underpinned by strength in gold and platinum. Earlier in the session the JSE hit a fresh trading high of 31 628,820 points, but was slightly below that level by midday.
South African media group Johnnic Communications (Johncom) on Tuesday announced a proposed change of name to Avusa, subject to shareholder and regulatory approval. Johncom said the name change to Avusa was relevant because of the ongoing confusion between the company and Johnnic Holdings.