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/ 7 September 2007

Local bourse loses earlier gains

The JSE all-share index gave up earlier gains of just over 0,5%, trading at just 0,21% in the black shortly before midday on Friday. "It hasn’t been an exciting day, we are up slightly. We initially saw gold stocks up on the stronger gold price, which supported the rest of the market," said a local trader.

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/ 6 September 2007

Mittal Steel fined R700m for price-fixing

Mittal Steel South Africa will have to fork out close to R700-million after it was fined on Thursday by the Competition Tribunal for price-fixing. A statement released by the tribunal said that it had fined Mittal R691,8-million and imposed ”behavioural remedies” on the company in terms of the Competition Act.