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/ 9 October 2007

JSE edges up as miners recover losses

The JSE had edged up slightly by midday on Tuesday as platinum- and gold-mining stocks started to recover earlier losses. By 12pm, the all-share index was 0,08% in the black as the platinum-mining index gained 1,31%, resources lifted 0,72% and the gold-mining index recovered 0,13%. However, banks and financials were off 0,88% and 0,60% respectively.

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/ 27 September 2007

Good buying interest keeps JSE firm

Good buying interest was seen across the board on the JSE on Thursday and by midday the all-share index was up 224 points, with one trader speculating that it could close above the 30 000 level. A trader said the JSE was approaching its all-time high of 30 046,3, reached on Tuesday.

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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.