JSE ends flat as gold shares sell off; platinums make good gains
The JSE ends flat on Friday, as a rally in platinum and general resources offsets losses in the gold and banking sectors
Markets
Gold extends losing streak on dollar strength
Metal enters longest losing streak in four years, falling for seventh straight session, as talk of US Fed starting to rein in monetary policy lifts dollar, while palladium shine
Markets
Rand weaker as dollar strength knocks commodity currencies
Local currency also knocked by poor South African fundamentals such as mining sector’s labour woes, says trader
Markets
European shares rebound, dollar nears 10-month highs
Dollar stronger on talk of Fed starting to reduce asset purchases, while equities continue to benefit from signs of weakness in any other asset class
Markets
Oil makes slim gain in face of demand concern
Stronger dollar, concern about US demand keep pressure on prices but bomb attack on Iraqi refinery and steadier European equities markets lend support
Markets
Platinum cartel remains a pipe dream
There is little platinum miners can do to influence the metal’s price as Opec does with oil, and SA miners especially are constrained by political sensitivity to job cuts
Quentin Wray: How many of you were surprised by the precipitous decline in market value of SA’s platinum shares?
Better ways to get investment than through blackmail
South Africa has nothing to show for its progressively weaker currency, writes David Gleason
Weak currency no use in long term
Opinion
SA must adapt to thrive in bad market conditions
Mark Barnes
Let’s lower our interest rates so that we stop feeding fickle capital market yield seekers
Mining
Spot gold’s sixth fall in a row weighs on struggling miners
Falling spot gold price hurts gold miners that are so far worst performers in resources and broader all-share indices of JSE
Americas
Growth in US shale oil supplies ‘to rival Opec’, says report
Booming US shale oil production to send ‘shock waves’ through global oil trade over next five years, says new report on oil industry
Global Indicators
| United Kingdom | ||
| Price | 6723.06 | |
| Change | N/A | |
| % | same | 0.00% |
| United States | ||
| Price | 15354.40 | |
| Change | N/A | |
| % | same | 0.00% |
| Hong Kong (China) | ||
| Price | 23082.68 | |
| Change | N/A | |
| % | same | 0.00% |
| South Africa | ||
| Price | 41413.44 | |
| Change | N/A | |
| % | same | 0.00% |
| Australia | ||
| Price | 5159.80 | |
| Change | N/A | |
| % | same | 0.00% |
| United States | ||
| Price | 1667.470 | |
| Change | N/A | |
| % | same | 0.00% |
Multimedia
| All Share | 41413.44 | 0.00% | same |
| Top 40 | 36771.80 | 0.00% | same |
| Financial 15 | 12096.10 | 0.00% | same |
| Industrial 25 | 47171.07 | 0.00% | same |
| Resource 10 | 45563.81 | 0.00% | same |
Data supplied by I-Net Bridge
| FTSE 100 | 6723.06 | 0.00% | same |
| Dow Jones | 15354.40 | 0.00% | same |
| All Share | 41413.44 | 0.00% | same |
| ASX | 5159.80 | 0.00% | same |
| S&P 500 | 1667.470 | 0.00% | same |
Data supplied by I-Net Bridge
| USD/ZAR | 9.4046 | 0.05% | up |
| GBP/ZAR | 14.2711 | 0.34% | up |
| EUR/ZAR | 12.0825 | 0.12% | up |
| JPY/ZAR | 0.0911 | 0.18% | up |
| AUD/ZAR | 9.1622 | 0.28% | up |
Data supplied by I-Net Bridge
| Gold | 1360.1000 | 0.37% | up |
| Platinum | 1455.0000 | 0.28% | up |
| Silver | 22.2600 | 0.16% | up |
| Palladium | 738.5000 | 0.61% | up |
| Brent Crude Oil | 104.640 | 0.00% | same |
Data supplied by I-Net Bridge
Medium-term budget 2012
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Calendar
| Holdsport | Holdsport finals (approx date) 
|
| Spar Group | Spar Group interims
|
| Datatec | Datatec finals
|
| Value Group | Value Group finals
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| Seardel | Seardel finals (approx date)
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