Archive for June 3rd, 2009

South African markets ended generally weaker on Wednesday, failing to gain any inspiration from President Jacob Zuma’s
maiden State of the Nation address which was widely perceived as positive…. »

The JSE closed in the red on Wednesday, giving up nearly 600 points amid ‘healthy profit taking’ after the market had ‘gotten ahead of itself’ over the previous few days, according to a local trader…. »

Illegal gold mining may be costing gold producers about 5.6 billion rand in lost revenue a year.
Most recent studies on the extent of illegal mining in South Africa and the impact it has on the South African economy date back to 2007…. »

The South African rand was a tad weaker than its noon levels in late afternoon trade on Wednesday on the back of a slight recovery in the dollar.
At 15:45 the rand was bid at 8.0765 to the dollar from an overnight close of 7.9854. It was bid at 11.4668 to… »

South African bonds were weaker in late trade on Wednesday on the back of supply issues and a softer rand.
President Jacob Zuma’s maiden State of the Nation address to Parliament, which yielded no real surprises and was generally perceived as positive, had no impact on the fixed interest market…. »

Karima Brown, Political Editor of Business Day speaks to Lindsay Williams on Pres Zuma’s maiden State of the Nation… »

Lidsay Williams talks to Andrew Joannou of Afena Capital after the closing of the… »

BizCast talks to Marcel de Klerk, Managing Executive of Absa Vehicle and Asset… »

South African stocks were in the red by noon on Wednesday, moving in line with weaker European stocks as market participants took profits after the market’s recent big moves.
By noon, the JSE all share index had lost 1.08%, with resources giving up 1.54% while gold counters and platinum miners eased… »

The South African Chamber of Commerce and Industry (SACCI) on Wednesday broadly welcomed the State of the Nation address delivered by President Zuma, particularly where business concerns were addressed…. »