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/ 16 October 2007
Legislation paving the way for much cheaper broadband internet access is likely to be approved in the National Assembly on Wednesday. According to a memorandum attached to the Broadband Infraco Bill, the high broadband costs in South Africa compared to international counterparts have been investigated.
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/ 11 October 2007
South African fixed-line telephone operator Telkom said in a cautionary announcement on Thursday that its discussions with Vodafone and MTN are still ongoing. Telkom said discussions were part of its mobile-strategy review, and that shareholders are advised to continue exercising caution when dealing in their shares until a further announcement is made.
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/ 11 October 2007
Resource stocks added plenty of extra muscle to the JSE on Thursday, which was underpinned by strength in gold and platinum. Earlier in the session the JSE hit a fresh trading high of 31 628,820 points, but was slightly below that level by midday.
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.
The JSE was slightly negative by midday on Friday, as profit-taking among platinum stocks led the bourse to give up some of its earlier gains. By noon on the JSE, the all-share index had given up 0,06%, as platinum stocks dipped 3,23%. Resources were 0,24% lower, but the gold-mining index advanced 1,67%.
The JSE was up sharply by midday on Tuesday, adopting the strength in overseas markets that were driven higher by a powerful performance on Wall Street overnight. By 12.03pm on the JSE, the all-share index had collected 1,01%. Financials advanced 2,02% and banks collected 2,86%, while industrials added 1,06%.
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/ 27 September 2007
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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/ 20 September 2007
It seems one cannot, after all, do movies, gaming, education, business and music on Telkom’s broadband offering. The Advertising Standards Authority has ruled against Telkom’s "Do Broadband" advertising campaign in which it promises consumers that they can do all of the above internet activities using a one-gigabyte broadband package.
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/ 20 September 2007
The JSE was flat at midday on Thursday, as players sat on the sidelines awaiting the result of the futures close-out, which was due to start at midday. By 11.59am, the all-share index edged up 0,26%. The gold mining index climbed 2,19% and banks were 1,09% higher. Resources perked up 0,28% and the platinum mining index rose 0,68%.
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/ 17 September 2007
The JSE was sharply lower at midday on Monday as rekindled credit fears continued to spill over on to world markets. The JSE opened in negative territory and weakened further during the morning session on last week’s news that the United Kingdom’s fifth largest mortgage lender, Northern Rock, used the Bank of England as a lender of last resort.
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/ 13 September 2007
The JSE drifted sideways during the course of the morning on Thursday in directionless trade as it waited to see how Wall Street opened. At 11.59am, the all-share index added 0,18%, with resources up 0,59%, the platinum mining index flat (+0,03%) and the gold-mining index little changed (-0,04%).
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/ 12 September 2007
The JSE continued to move sideways at noon on Wednesday as investors preferred the sidelines prior to the United States opening. One trader said that with the possibility of an interest-rate cut in US markets next week, markets are busy consolidating. "Although the Dow was up last night, US futures are down," he said.
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/ 5 September 2007
The JSE was in the red at midday on Wednesday after vacillating between positive and negative territory during early trade as investors took profits on stocks that have recovered from last month’s losses. The JSE’s all-share started in the red, but inched into positive territory within the first 15 minutes of trade, and by midday it had fallen back into the red.
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/ 4 September 2007
The JSE was a bit firmer by midday on Tuesday as a number of local deals buoyed sentiment for buyers. The local bourse was also getting positive direction from the FTSE, which was down in early trade, but recovered during the morning. By midday on the JSE, the all-share index was up 0,30%.
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/ 3 September 2007
South Africa’s Telkom said on Monday it was in talks with Britain’s Vodafone and MTN, sparking talk it wants to sell its fixed-line business and its stake in cellphone operator Vodacom. Telkom gave no further details. Vodafone and MTN — sub-Saharan Africa’s biggest cellphone operator — said separately the talks were at a ”very preliminary stage”.
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/ 3 September 2007
Information and communication technology (ICT) in South Africa is expected to get a boost from the 2010 Soccer World Cup, with infrastructure providers and local government spending billions to ensure a successful tournament, according to key players at the recent ICT Journalist Media Forum.
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/ 3 September 2007
The JSE continued on a lacklustre path as it edged up slightly from its flat open to trade 0,68% higher at midday on Monday. World markets were also flat at midday amid a continued lack of activity as United States traders took a day off to celebrate Labour Day. By midday on the JSE, the all-share index was up 0,68%.
The JSE remained firm at midday on Thursday, with platinum miners a feature following strong results from Impala Platinum earlier in the day. A 2% gain on Wall Street overnight and generally firm global bourses were also helping. By noon, the all-share index was 0,82% higher. Resources were 0,75% better and the gold-mining index advanced 0,90%.
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/ 16 November 2005
New Telkom CEO Papi Molotsane this week addressed the media for the first time since his appointment in September.