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/ 29 September 2011
The price of petrol is likely to rise by at least 33c a litre next Wednesday — but the increase could be far higher, say economists.
South Africa has come away from the G20 summit feeling that a fair amount has been achieved, Finance Minister Trevor Manuel said on Friday.
SA stocks were sharply firmer in noon trade on Thursday as the recovery in resources and mining stocks continued amid generally firmer world markets.
The JSE was firmer on Friday, held aloft by industrial stocks which received a shot in the arm from news that British American Tobacco will be listed.
Nedbank Group has reported a 6,8% increase in diluted headline earnings per share from 673 cents to 719 cents for the six months ended June.
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/ 7 November 2007
After bouncing back to 98,7 in October, the SACCI Business Confidence Index (BCI) dipped to 96,9 in October, which is its lowest level since June 2004. The South African Chamber of Commerce and Industry said that businesses were becoming concerned about international economic developments as well as local adjustments.
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/ 28 September 2007
Three hundred former and present members of Discovery Health are suing the insurer for R852 000 in connection with an ancillary fee that they believe was charged illegally. But the group spearheading the action believes the company could be sued for up to R692-million should it succeed in its action, which they say could establish a precedent.
The JSE remained lower at noon Wednesday in tandem with overseas markets but miners managed modest gains amid better precious metal prices and concerns over wage talks. At noon the all-share index off 0,70%. Resources fell 0,99%, but the gold and platinum mining indices edged up 0,31% and 0,26% respectively.
With CPIX breaching the upper limit of the South African Reserve Bank’s (SARB) inflation target of 3% to 6% for the first time in 44 months in April, economists feel that an interest-rate hike next week is virtually unavoidable. In fact, many believe that one hike many not be sufficient to quell consumer spending.
The JSE was weaker in noon trade on Tuesday as weakness in Asian markets and lower commodity prices weighed on the market. At 11.55am, the all-share index was off 0,59%, with platinum counters down 2,76%. The gold index was only 0,03% weaker, however, but industrials were 0,75% in the red and resources 0,43% lower.