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/ 20 December 2007
The JSE continued on its upward path by midday on Thursday, unaffected by surprisingly better PPI data but encouraged by the futures market close-out. By 1158am, the JSE’s all-share index had improved 0,83%. The platinum mining index climbed 3%, and the gold mining index added 0,94%,
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/ 18 December 2007
The JSE was lower at midday on Tuesday, playing catch-up after the public holiday on Monday when there was weakness in global equity markets. By 12.04pm, the JSE’s all-share index had pulled back 2,38%. The gold mining index fell 3,31%, resources lost 3,21% and the platinum mining index gave up 3,16%.
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/ 14 December 2007
A weaker bank sector forced a positive JSE to pull back into the red by midday on Friday, leaving the all-share index 0,14% lower at noon. The JSE’s bank index was down 1,38% at midday as local and international traders questioned whether the move by the central banks to inject liquidity into financial markets was enough to settle global credit concerns.
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/ 13 December 2007
The JSE continued to linger in the red at midday on Thursday, burdened by the sell-off on global markets. By noon, the JSE all-share index had lost 1,43% to 29 872,5 points. The platinum and gold mining indices retreated 2,52% and 1,03% respectively, while resources gave up 1,9%.
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/ 12 December 2007
The JSE remained in the red at midday on Wednesday, but was off its earlier lows as it recouped some of its sharp losses in the morning session. By noon, the JSE all-share index had lost 0,78%. The gold- and platinum-mining indices fell 2,22% and 1,8% respectively, while resources gave up 1,33%. Banks dipped 1,03%, while financials were off 0,58% and industrials shed 0,18%.
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/ 11 December 2007
The JSE pulled back from earlier gains by midday on Tuesday, as heavyweights Anglo American and BHP Billiton started to weaken. By noon, the JSE all-share index was only 0,15% in the black, after being up over 0,7% earlier in the session. The gold mining index rallied 3,42%, while the platinum mining index inched up 0,04%, but resources lost 0,17%.
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/ 10 December 2007
The JSE inched up slightly by noon on Monday, but with no real driver as markets have started to feel the slowdown effects of the holiday season. By midday, the JSE all-share was only 0,1% in the black. Financials and banks edged up 0,33% and 0,08% respectively, and resources were up a slight 0,11%.
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/ 7 December 2007
Platinum-mining stocks were propping up the JSE in noon trade on Friday, enhancing gains driven by Wall Street in the morning session. By 11.58am, the JSE all-share index lifted 0,7%, supported by a 3,24% advance in the platinum-mining index. Resources collected 0,94% but the gold-mining index dipped 0,87%.
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/ 6 December 2007
Mobile operator Cell C could be next on the cards for local fixed-line operator Telkom after talks with another mobile operator, MTN, terminated in November. Growth in the telecommunications sector has been skewed towards mobile operators in the past couple of years.
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/ 6 December 2007
The JSE posted strong gains in early trade on Thursday ahead of the Monetary Policy Committee’s interest rate decision expected later in the afternoon, with higher world markets adding some incentive for buying interest. At 9.21am, the all-share index was up 0,73% as the platinum mining index gained 1,19%.
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/ 4 December 2007
Resource heavyweights Anglo American and BHP Billiton continued to weigh on the JSE in midday trade on Tuesday, with the all-share pulling back almost half a percent from its earlier levels. By midday, the JSE all-share index dropped 0,69% as resources gave up 0,96%. The gold-mining index shed 0,12% but the platinum-mining index improved 0,42%. Industrials lost 0,53%.
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/ 30 November 2007
The JSE was sharply higher by noon on Friday as gains among mining and resource stocks added some cheer. At noon, the JSE’s all-share index rose 1,12% as the gold mining index advanced 2,59%. Resources collected 2,52% and the platinum mining index recovered 1,5%.
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/ 29 November 2007
The total number of travellers who visited South Africa through all its ports of entry during September was up 5,2% year-on-year (y/y) to 2,183-million from the 10,5% y/y growth recorded in August 2007, according to Statistics South Africa data released on Thursday.
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/ 29 November 2007
After being sharply firmer earlier in Thursday, weaker local producer price index (PPI) data forced the JSE to pull back at midday, even though world markets were firm. The JSE had been up as much as 533 points during the day, but by midday, it was only 337 points in the black.
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/ 28 November 2007
South African Tourism says that tourism has grown steadily every year since the introduction of the Tourism Growth Strategy in 2002. Chief operating officer Didi Moyle said on Wednesday, in presenting research findings from 2002 to 2006, that there were 35,4-million foreign arrivals in South Africa over the period.
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/ 28 November 2007
The JSE was down sharply by midday on Wednesday, led by an intense pull back by mining stocks on the JSE. Mining stocks retreated, along with resources, as a fall in commodity prices burdened stocks. At noon, the JSE’s all-share index lost 1,48%. The platinum mining index dropped 3,32%, and the gold mining index fell 2,57%.
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/ 28 November 2007
South African fixed-line operator Telkom’s shares plummeted more than 10% in early trade on Tuesday on news that the negotiations it was in with cellphone operator MTN had terminated. In September, Telkom released a cautionary announcement advising shareholders that it had entered into discussions with Vodafone and MTN.
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/ 27 November 2007
A weaker rand offset the JSE’s earlier losses on Tuesday and the bourse was flat by midday. The JSE initially opened weaker following an overnight drop on Wall Street. At noon, the JSE’s all-share index was barely changed (+0,02%). The gold mining index climbed 0,62%, and resources lifted 0,24%.
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/ 26 November 2007
The JSE was forced to give up some of its earlier gains but the gold mining index was keeping it in the black at midday on Monday. Shortly after its open, the JSE was up over 1%, but by midday, the all-share index had given up almost half of its gains as bank and financial stocks weighed.
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/ 23 November 2007
World markets injected some life into the JSE at midday on Friday as the all-share index lifted 0,90%, led by a 1,78% gain in resources. By noon the gold mining index collected 0,35%, but the platinum mining index was up a slight 0,06%. Financials advanced 0,51% and banks inched up 0,28%. Industrials were 0,09% in the black.
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/ 21 November 2007
Miserable world markets dragged the JSE deeper into the red by noon on Wednesday. At noon, the all-share index dropped 1,23% and banks retreated 1,98%. Financials retreated 1,57% and industrials were off 1,81%. The platinum-mining index was down 1,36% and the gold-mining index pulled back 0,56%, while resources gave up 0,52%.
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/ 20 November 2007
South African media company Johnnic Communications (Johncom) said on Tuesday it will now change its name to Avusa on November 26 after shareholders gave the name change the green light. The name was constructed in such a way so as to relate to the company’s vision and strategy, as it uses the words Audiovisual, Vision, Unique and Unity, and South Africa to make up Avusa.
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/ 20 November 2007
Volatility in resource stocks, as well as in the mining indices, buried the JSE in the red at midday on Tuesday. At noon, the all-share index gave up 0,69%, led by a 1,69% pull back in the gold-mining index. Resources dipped 1,59% and the platinum-mining index was off 0,42%. Financials eased 0,27% and banks were unchanged (+0,01%), but industrials inched up 0,15%.
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/ 16 November 2007
The JSE was slightly firmer at midday on Friday than it was during the morning session but it remained negative, as commodity stocks continued to be paralysed on the local bourse. By noon, the JSE’s all-share index declined 0,72%, led by a 2,25% drop in the platinum mining index.
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/ 15 November 2007
The JSE continued to follow the downward trend in international markets at midday on Thursday, remaining firmly in the red. By 11.58am, the JSE’s all-share index lost 0,7%. The gold mining index gave up 0,8% and resources fell 0,7%, but the platinum mining index added 0,57%.
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/ 14 November 2007
African investors on Tuesday gave the go-ahead for the construction of Seacom’s undersea broadband cable. The additional bandwidth provided by the cable, which will cost $650-million and cover more than 15 000km, will also be a catalyst for productivity.
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/ 14 November 2007
The JSE was higher at midday on Wednesday as positive local results extended its gains from the morning session. In the morning, the JSE had opened stronger on Wall Street’s overnight rally, which created positive sentiment for overseas markets. By noon, the JSE’s all-share index had climbed 1,09%.
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/ 13 November 2007
After starting slightly higher on Tuesday, the JSE took a sharp turn as negative sentiment started to flow in from overseas markets. One trader explained that the JSE was weaker as there was continued concern about the supprime market globally.
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/ 12 November 2007
South African fixed and wireless broadband connections are expected to reach more than 3,3-million subscribers over the period 2007 to 2012, according to a report by ICT market research group BMI-TechKnowledge. It says the increase in connections represents a compound annual growth rate of 33% from this year until 2012.
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/ 12 November 2007
The JSE started to show a slight turnaround on Monday as a renewed announcement by BHP Billiton added some buying interest among resource stocks. By midday, the JSE’s all-share index lifted 0,3% as resources collected 0,79%. However, the gold and platinum mining indices pulled back 0,91% and 1,4% respectively.
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/ 9 November 2007
The JSE continued to advance by noon on Friday as BHP Billiton’s announcement from Thursday flowed through the market. On Thursday, BHP Billiton admitted to having made a play for rival Rio Tinto, which put to rest days of market speculation over whether BHP Billiton was in fact courting Rio Tinto over a potential tie-up.
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/ 29 October 2007
As gold and platinum prices climbed on a weaker dollar, the JSE’s gold mining index and resources continued to lift the all-share index on Monday. By noon, the JSE’s all-share index was up 1,25% as the gold mining index progressed 2,1%. Resources rose 1,93% and the platinum mining index picked up 1,86%.