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/ 6 December 2007
The JSE posted strong gains in early trade on Thursday ahead of the Monetary Policy Committee’s interest rate decision expected later in the afternoon, with higher world markets adding some incentive for buying interest. At 9.21am, the all-share index was up 0,73% as the platinum mining index gained 1,19%.
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/ 5 December 2007
The JSE remained firm at noon on Wednesday in line with overseas markets, while ongoing mergers and acquisitions talk and higher commodity prices boosted miners. But investors remained jittery ahead of the local central bank’s interest rate decision on Thursday afternoon.
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/ 2 November 2007
The JSE recouped some of its earlier losses, but remained lower at midday on Friday on hopes that United States jobs data due out later in the day would support a case for another rate cut in the US. The local bourse was down more than 340 points in early trade following similar drops overseas stemming from renewed US subprime housing-market concerns.
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/ 2 November 2007
South African vehicle sales fell by 5,9%, or 3 423 units, year-on-year in October to 54 387 units with the decline driven by the passenger-car market, new data showed on Friday. Sales data showed that aggregate sales for the first ten months of the year were 3,5% lower than the same time last year.
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/ 18 September 2007
South African tobacco farmers should plant more in the coming season to benefit from soaring cigarette prices and fulfil expected orders from China. Louis Smit, CEO of agribusiness group Afgri’s producer services division, said farmers could increase the size of their crop from 12-million kilograms to at least 20-million kilograms.
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/ 13 September 2007
Growth in employment in South Africa accelerated noticeably over the past eight quarters after a prolonged period of marginal employment gains, the South African Reserve Bank said. The central bank said that improved employment prospects since early 2005 have been evident in both the public and private sector.
The JSE retained its strong tone at noon on Monday, riding on the back of calmer overseas markets — but traders refrained from pushing too high ahead of Wall Street opening. At 12.01pm, the all-share index was up 1,59%. Resources gained 1,87% and the gold- and platinum-mining indices climbed 2,05% and 2,45% respectively.
The Competition Tribunal, which blocked Telkom’s plans to buy IT group Business Connexion (BCX) in June, found that the two companies were already implementing a merger without its approval, it said on Monday. The tribunal said the deal would have resulted in Telkom thwarting competition in the managed network service sector.
The JSE was lower at noon on Friday as early indications pointing to a weak start on Wall Street pressed jittery investors to continue to slash risk amid global credit upheaval. At midday, the all-share index was down 1,57%. Resources fell 2,33%, the gold-mining index was off 2% and the platinum-mining index tumbled 2,69%.
House price inflation rose by 10,4% year-on-year (y/y) in July, down from 18,8% jump in June and the 10,9% increase May, the Standard Bank’s residential property gauge showed on Wednesday. The growth brought the median house price to R585 000 from R620 000 in June and R600 000 in May.