Plans to increase Transnet’s capacity to haul iron ore from mines to ports by 56% over the next seven years are in the works, says CEO Brian Molefe.
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/ 22 September 2011
The rand tumbled nearly 3% to hit 16-month lows against the dollar as importers piled into the greenback, spooked by a recent trend of sharp declines.
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/ 8 September 2011
State bonds fell and yields climbed as SA’s benchmark stocks booked their biggest daily gain in 16 months, breaking a three-day losing streak.
Walmart’s SA unit Massmart is ready to push down prices and sacrifice margins in pursuit of a bigger market share, its CEO has said.
SA’s biggest food retailer Shoprite Holdings saw its shares slide after reporting a 7% rise in full-year sales that fell short of analysts’ estimates.
Tens of thousands of workers ended a two-week pay strike in the South African steel and engineering sector on Sunday.
Massmart’s shareholders have accepted a takeover by US group Wal-Mart, setting up the world’s largest retailer for a potential battle with unions.
Barloworld pointed to a second-half rebound after a sharp fall in first-half earnings, saying it expects to benefit from a recovery in the economy.
SA President Jacob Zuma called for calm on Sunday after the murder of far-right leader Eugene Terre’Blanche fanned fears of growing racial tension.
South African stocks extended gains at midday on Monday, climbing to more than 3%
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/ 22 December 2008
Cosatu has vowed to fight an anticipated flurry of retrenchments in the new year as companies come to blows with the global economic recession.
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/ 28 November 2008
Massive discounts are on the cards this festive season as South African retailers brace themselves for the bleakest Christmas in nearly two decades.
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/ 11 November 2008
SA cement manufacturer PPC on Monday reported an 8% rise to 283 cents in its headline earnings per share for the year ended September 2008.
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/ 10 November 2008
South African ICT firm Allied Technologies (Altech) has been granted leave to participate in merger proceedings between MTN Group and Verizon SA.
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/ 3 November 2008
The JSE remained higher on Monday in line with overseas markets which were being buoyed by hopes that central banks would cut interest rates.
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/ 15 October 2008
South African stocks plummeted nearly 7% on Wednesday following severe drops in overseas markets amid renewed fears of a global economic slowdown.
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/ 15 October 2008
The JSE extended losses at noon on Wednesday, retreating nearly 3% as investors fretted about the health of the global economy.
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/ 19 September 2008
The JSE nudged slightly higher at noon on Thursday, boosted by miners after the gold price staged the biggest one-day advance since 1980 overnight.
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/ 12 September 2008
Retailer Woolworths said on Friday that the effects of the day’s industrial action at its Cape Town stores had been minimal.
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/ 12 September 2008
SA stocks extended gains on Friday, sending the all-share index 1,6% higher as investors snapped up shares in the badly beaten mining sector.
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/ 4 September 2008
South African stocks rose at midday on Thursday as investors chased after bargains following recent sharp losses, traders said.
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/ 1 September 2008
South African stocks extended losses at noon on Monday, weighed by weak sentiment in European markets.
South African stocks remained modestly lower at noon on Monday in a light-volume session as most traders remained on the sidelines.
The JSE remained softer at midday on Friday pressured by miners on falling commodity prices, but banks and financials capped further losses.
The JSE pushed higher at midday on Wednesday, paced by gold miners on a rebound in the bullion price as the dollar’s rally stalls.
Prices of bandwidth are set to fall more rapidly in the future as submarine and terrestrial fibre-optic cable developments gain momentum.
The JSE was higher at noon on Thursday, erasing earlier losses induced by profit-taking as firmer overseas markets stimulated a fresh round of buying.
The JSE pulled back from earlier highs at midday on Wednesday, but remained well in the black with platinum shares in charge of the winners’ board.
The JSE remained well in the black at noon on Wednesday, inspired by gains in overseas markets, with losses restricted to the gold-mining sector.
The JSE remained in the black at midday on Tuesday, boosted by commodity stocks on firmer metal prices.
Nearly 90% of home sellers are unable to sell their properties at the asking price, reflecting declining prices in a high interest-rate environment.
The JSE pulled back but remained in the black at noon on Wednesday with platinum miners weighing on the index on a falling white metal price.