The struggling power utility has updated Parliament on investigations into contracts where more than R4-billion was lost in overpayments
The JSE was taking a breather on Tuesday after its recent strong rally, which took the bourse to successive record highs, as some profit-taking set in. However, earlier the all-share index hit yet another fresh record high when it touched 33 263,148. At noon, the JSE’s all-share index was down 0,88%.
Intervention by the Commission for Conciliation, Mediation and Arbitration (CCMA) on Wednesday brought an end to the pay dispute between workers and management at the 2010 Soccer World Cup Mbombela Stadium in Nelspruit. Spokesperson Lusanda Myoli said an agreement was reached after two days of intense negotiations.
Workers at the 2010 Soccer World Cup Mbombela Stadium in Nelspruit are still striking, while talks with management and the government continue, the National Union of Mineworkers said on Friday. About 500 workers downed tools on Wednesday morning demanding better pay.
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/ 21 January 2008
A sharp decline in global equity markets driven by fears of a global economic slowdown and a United States recession has led to a big sell-off on the JSE on Monday. By noon, the JSE’s broader all-share index had lost 3,32% to 25 768,400 points.
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/ 16 January 2008
The JSE remained sharply weaker by midday on Wednesday, in line with other world markets, which were also experiencing a bumpy ride. At noon, the JSE’s all-share index was 2,97% in the red. The gold- and platinum-mining indices slumped 4,09% and 4,07% respectively, while resources were off 3,27%.
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/ 14 January 2008
The JSE was in the red at midday on Monday, taking its cue from lower overseas equity markets. By noon, the broader all-share index had shed 0,13% to 27 474,230 points. Industrials were down 0,56%, while banks lost 0,43% and financials were off 0,29%.
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/ 3 December 2007
The strike by construction workers at the 20101 World Cup Mbombela Stadium in Nelspruit, Mpumalanga, entered its fifth day on Monday, the National Union of Mineworkers (NUM) said. Workers affiliated to the NUM downed tools on Wednesday last week demanding better pay and working conditions.
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/ 21 November 2007
Members of the National Union of Mineworkers (NUM), who downed tools at a 2010 World Cup soccer stadium in Mpumalanga, were back at work on Wednesday afternoon. This comes after construction workers at the Nelspruit 2010 Soccer World Cup stadium went on strike over wages and bonuses on Wednesday morning.
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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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/ 19 September 2007
The JSE extended its gains by midday on Wednesday following the rally in world markets that was driven by a strong performance on Wall Street overnight. Wall Street surged on news that the United States Federal Reserve had cut interest rates by 50 basis points, creating a positive sentiment for investors for bargain-hunting.