Archive for March 29th, 2010

Johannesburg, Mar 29 (I-Net Bridge)   South African equities and stock futures improved on Monday in line with global markets, while the South African rand remained on the front foot, tracking a firm euro amid higher investor confidence after the announcement of a rescue package for Greece last week.
EQUITIES
Commodities sent the JSE into the black on… »

Mixed on the JSE, more highs on the overseas bourses. Data provided by I-Net Bridge, and read by Lindsay… »

What can possibly upset the equity market apple cart? US Treasury yields? Greece? Find out with one of the world’s great financial journalists, Ambrose Evans-Pritchard, in conversation with Lindsay… »

Hedge funds are rebuilding their reputation as the credit crunch and market fallout fades into the mists of market time. Elmien Wagenaar chats to Lindsay Williams about a formerly much maligned asset… »

Johannesburg, Mar 29 (I-Net Bridge) - Optimum Coal, South Africa’s leading black owned and controlled coal mining and exploration group, successfully listed in the General Mining sector on the JSE Main Board on Monday morning, opening with its first trade at 31.85 rand per share.
Optimum Coal has 248.5 million ordinary shares in issue with a… »

Johannesburg, Mar 29 (I-Net Bridge)   The JSE opened firmer on Monday morning following the positive start to the week on global markets.
By 09:30 the JSE all share index had added 0.47%, with gold miners 1.25% firmer, platinum miners were up 0.98% and resources were up 0.93%.
Banks were 0.46% firmer, financials were 0.42% better off and… »

Another short week, EXCEPT that the crucial US employment numbers are perversely being released on Good Friday. Kevin de Villiers looks forward to all the likely market moving events with Lindsay… »

The yield on 10-year Treasuries – the benchmark price of global capital – surged 30 basis points in just two days last week to over 3.9pc, the highest level since the Lehman crisis. Alan Greenspan, ex-head of the US Federal Reserve, said the abrupt move may be “the canary in the coal mine”, a warning… »

The deal was announced yesterday but is still subject to negotiations on Volvo’s pension deficit, debt and working capital. Ford said it did not expect to receive $1.8bn once deductions for those items were included…. »

Johannesburg, Mar 29 (I-Net Bridge) - Anglo Platinum (Angloplat, AMS), the world’s largest platinum producer, on Monday said 99.5% of its rights offer shares had been subscribed for under its 12.5 billion rand rights offer. The rights offer closed on Friday last week.
Anglo Platinum said shareholders subscribed for almost 24.8 million … »