The JSE has ended 163 points weaker in line with a weak Dow in what a trader says is the market seeing
profit taking and some nervousness at the current high levels.
Profit taking, Dow weigh on JSE
July 29th, 2009Eskom hydro power plant delayed
July 29th, 2009Eskoms Ingula hydro power plant will be delayed by three months with the first unit of the 1 332 MW plant expected to be commissioned by January 2013, an official says.
Manufacturing job cuts alarming
July 29th, 2009The forward and backward linkages of the
manufacturing sector throughout the entire economy make the job losses in that sector the most concerning.
Telkom: Prices will come down
July 29th, 2009Telecommunications firm Telkom says undersea cable Seacom will make the broadband market more competitive and lower internet costs.
Randgold Resources beefs up
July 29th, 2009Randgold Resources is taking no financial chances over development of its latest hot gold mining prospect – the Gounkoto project in Mali
More difficult to find jobs
July 29th, 2009The latest employment trends in SA indicate that the economy is not creating jobs and it is getting more
difficult to get employed.
Big guys are best in bear market
July 29th, 2009Small and nimble asset managers may have advantages in rising equity markets, but larger players come out trumps during bear market conditions.
Jobs target slipping away
July 29th, 2009As the number of out-of-work South Africans rose yet again, governments goal to reduce joblessness is turning into a Herculean task.
Property drops, rates stay same
July 28th, 2009Property specialists say the belief that home owners rates and taxes should be lowered in line with a reduction of property prices is a misconception.
No more interest rate cuts
July 28th, 2009There will not be any further interest rate reductions in the foreseeable future, says the Bureau for Economic Research.
Gold miners agree pay deal
July 28th, 2009South Africas biggest union has agreed a wage deal with gold and coal producers, averting a strike in the mining industry.
Welcome CPI drop expected
July 28th, 2009Investec Asset Management forecasts a CPI inflation announcement of around 7.2%, signalling a drop from the 8% recorded in May.
Cash beats properties
July 28th, 2009Cash in the bank may be a better long-term investment than properties, data show.
Anglo sells rest of Hulamin stake
July 28th, 2009Mining group Anglo American has sold its remaining stake in South Africas Hulamin Ltd, bringing the transaction to a total of R1.16bn.
No love for Fed in US
July 28th, 2009The share of Americans who think the Federal Reserve is doing a good job has sunk even as its chairperson has taken unprecedented steps to try to prevent a financial catastrophe.
Whats next from Apple?
July 28th, 2009According to various reports, the Apple plans to come out with a portable tablet-sized computer that can surf the web and may also serve as an electronic book reader.
Companies feeling the pinch
July 28th, 2009While closed corporations were hit harder and quicker than companies early in the recession, the slowdown in economic activity seems to have caught up with companies as well.
Famous Brands deal surprises
July 28th, 2009Analysts were caught off-guard by fast food group Famous Brands announcement that it has added Mugg & Bean to its list of franchise chains.
SA gold wage deal within reach
July 28th, 2009South Africas gold and coal mining sectors may wrap up two-year wage talks with trade unions soon after a “favourable” offer.
Illovos sweet exports
July 27th, 2009Illovo Sugars R3bn rights offer will leave Africas largest sugar producer in a strong position to benefit from exports into premium-priced world markets.