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Eskom refers employees suspected of contracts graft for criminal investigations

The struggling power utility has updated Parliament on investigations into contracts where more than R4-billion was lost in overpayments

JSE pauses after strong run

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%.

JSE follows battered world markets lower

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.

JSE, world markets sharply lower

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%.

JSE softer, led by overseas markets

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%.

Anglo and BHP help keep JSE firm

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%.

JSE climbs as global markets rally

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.

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