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/ 18 December 2003

JSE takes succour from weaker rand

The JSE Securities Exchange South Africa (JSE) was stronger in noon trade on Thursday, taking succour from the rand, which was weaker on offshore dollar buying. Dealers said the afternoon’s futures closeout was likely to be a quiet one, with many players having already gone on holiday.

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/ 15 December 2003

Saddam capture lifts markets’ spirits

The JSE Securities Exchange South Africa ticked up at the opening on Monday after world market sentiment was boosted by news of Iraqi dictator Saddam Hussein’s capture. Gains were pared by gold stocks, which were under pressure on the back of a softer bullion price and a slightly stronger rand.

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/ 11 December 2003

JSE flat in lacklustre trade

The JSE Securities Exchange South Africa (JSE) was flat in noon trade on Thursday in a market that was quiet ahead of the decision on interest rates by the South African Reserve Bank monetary policy committee due just after 3pm. Gold stocks dominated the market’s downside

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/ 8 December 2003

JSE weaker in quiet trade

The JSE Securities Exchange South Africa (JSE) was weaker, but near its intraday best level, at midday on Monday, helped by a weakening rand and a higher gold price, but hindered by softer world markets. Volumes were fairly light. The rand was trading at R6,33, little changed from when the JSE closed on Friday.

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/ 5 December 2003

JSE up, but golds and plats pare gains

The JSE Securities Exchange South Africa (JSE) remained in positive territory in noon trade on Friday, but was off the morning’s best levels after gold and platinum stocks surrendered their gains. Dealers said investors remained concerned about the effect of the rand’s long-term strength on earnings.

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/ 2 December 2003

JSE flat as rand offsets positives

The JSE Securities Exchange South Africa was flat in noon trade on Tuesday, with continued strength in the rand offsetting the positive effect of firmer world markets and the gold price sustaining its break above the $400-an-ounce level. At 11.59am, the all-share index was flat (-0,05%).

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/ 1 December 2003

Steady rand to test R6,30 a dollar

The South African rand was steady against major currencies in late afternoon trade on Monday in a quiet market. Currency traders said that the local unit’s firming trend was still intact and saw it targeting R6,30 later in the week. Traders expected expected the rand to trade in a R6,35 to R6,41 range overnight.

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/ 26 November 2003

Rampant rand keeps JSE in check

The JSE Securities Exchange South Africa was flat in noon trade on Wednesday, with a rampant rand offsetting the positive influence of stronger world markets. Currency traders attributed the rand’s rally to a new best level against the dollar since March 2000 of R6,46 on Wednesday morning to stop-loss dollar sales.

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/ 26 November 2003

Survey dampens Christmas retail cheer

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

Firmer JSE follows world markets

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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/ 21 November 2003

JSE flat after lacklustre morning

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

Turkish blast aftershock hits JSE

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

Rand steady after overnight correction

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

Strong rand sends JSE tumbling

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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/ 17 November 2003

Weak world markets weigh on JSE

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

Good corporate news gives JSE a lift

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.

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/ 23 October 2003

World markets, rand send JSE south

The JSE Securities Exchange South Africa (JSE) retreated like a fox chased by a pack of hounds on Thursday morning as weak world markets and a strong rand took their toll. Basket-selling by futures players added to the bourse’s weakness. At 12.01pm, the all-share and all-share industrial indices were down 1,35% and 1,01% respectively.

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/ 21 October 2003

‘The market is just dead’

The JSE Securities Exchange South Africa was slightly weaker just before noon on Tuesday, with a stronger rand offsetting the positive effect of firmer world markets. Dealers said that, as was the case on Monday, there was a general lack of interest in the market and volumes remained fairly light.

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/ 17 October 2003

JSE roars ahead as rand weakens

The JSE Securities Exchange South Africa was roaring ahead in noon trade on Friday, with a weaker rand giving heavyweight dual-listed and resources stocks a boost. Buying at the top end of the market filtered through to the rest and
advancers outnumbered decliners on the all share index by about nine to one.

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/ 16 October 2003

JSE drifts weaker ahead of MPC meeting

The JSE Securities Exchange South Africa (JSE) was drifting in the red just before noon on Thursday, on lack of buying interest ahead of the South African Reserve Bank monetary policy committee’s decision on interest rates. Volumes were very light, with less than R400-million-worth of shares changing hands.

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/ 13 October 2003

Rand, world markets give JSE a lift

Monday blues failed to dampen spirits on the JSE Securities Exchange South Africa (JSE), with the all-share index up for the fourth straight day on the back of a slightly weaker rand and a strong performance by heavyweight dual-listed stocks on positive offshore markets.

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/ 10 October 2003

Rand steady in flow-driven market

The South African rand was steady against major currencies in late morning trade on Friday in a flow-driven market. Currency traders said that while offshore demand for dollars was being seen, exporter sales would likely prevent the rand from weakening too much and expected it to be range bound for the rest of the
day.

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/ 9 October 2003

Resources power JSE’s rally

The JSE Securities Exchange South Africa was powering ahead in noon trade on Thursday, led by resources stocks, which were fuelled by strong performances offshore and a high platinum price. Buying filtered through to the rest of the market, with advancers outnumbering decliners on the all-share index.

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/ 8 October 2003

JSE bounces from oversold position

Stronger European markets and a positive close on the Dow overnight helped the JSE Securities Exchange South Africa (JSE) bounce into the black on Wednesday, after being oversold on Tuesday. Volumes remained light, however, with a fair portion of the buying in the market coming from futures players.

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/ 3 October 2003

Dual-listed stocks give JSE a lift

The JSE Securities Exchange South Africa (JSE) was in positive territory in noon trade on Friday, propelled by heavyweight dual-listed stocks, which were up offshore. However, as has been the case in recent days, volumes were light, with no real conviction behind the buying.