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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%.
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.
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%.
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%.
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%.
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.
The city argues that it is not carrying out evictions, but is acting against land invasions
An entrepreneurial, business-minded, impact-driven individual is sought to lead the organisation as it looks to scale and grow
Balwin Properties’ Edge registration of over 16 000 units was a global first, covering more homes than any single property developer in the world to date
The combination of limited access to quality soap and a lack of knowledge of how to properly wash hands is a challenge in many vulnerable communities
SAICA calls for a review of the mandatory minimum skills and qualifications required for all key financial management positions within the public sector