Business
Numsa vows to fight for inflation-linked pay
JOHANNESBURG -- The National Union of Metalworkers of SA (Numsa) yesterday vowed to escalate its fight to close the so-called apartheid wage gap and achieve inflation-linked wages in the steel engineering sector. Numsa was responding to prenegotia...
Bull run starts winding down
JOHANNESBURG -- The bull run on the JSE slowed to a crawl yesterday as the local market took fright from the falls on the international bourses which dampened foreign and domestic demand for stocks. This arrested a series of record setting days o...
Globalised economy seen as opportunity
PRETORIA -- Africa represented 13% of the world's population but produced only 1,7% of the world's total wealth, Pan-African Productivity Association president Jan Visser told a meeting of the Organisation of African Unity's labour and social affai...
Ford Motor earnings up by 15% to R1,7bn
DEARBORN, Michigan -- Ford Motor Company's first-quarter earnings were $1,7bn, up 15% from a year ago on continued cost cutting and strong returns from Europe. The automaker said yesterday it earned $1,36 a fully diluted share, up from $1,5bn, ...
Manuel attends IMF, World Bank meetings
JOHANNESBURG -- Finance Minister Trevor Manuel and his delegation arrived in Washington on Wednesday evening to take part in the International Monetary Fund and World Bank spring meetings. Mr Manuel went to the US, sceptical of IMF predictions tha...
Motlatsi's new post has union approval
JOHANNESBURG -- The appointment of National Union of Mineworkers (NUM) president James Motlatsi to the Anglogold board has the full blessing of the trade union movement, Motlatsi said on Wednesday. Motlatsi, and Real Africa Limited chairman, Donal...
McCarthy adds insurance to its stable
JOHANNESBURG -- McCarthy Motor Holdings has established two new insurance companies -- McSure and McLife -- which are totally owned by the group. MMH is due to list on the JSE in September. Chief executive Brand Pretorius said the establishment of...
RATES OF EXCHANGE
JOHANNESBURG -- Yesterday's closing exchange rates, as supplied by Standard Bank: (R/£, R/US$ and R/Irish punt, other rates per rand.) TT buyAir buySurf buyTT sell AUSTRALIA2.49202.5265 2.5420 2.5560 AUSTRIA0.2990 0.3065 0.3085 0.3100 BELG...
Tallow shares close at 118c
JOHANNESBURG -- Investment holding company, Tallow Industrial Holdings listed successfully on the JSE yesterday with 1 140 500 shares changing hands. A total of 17,5 million shares were issued at 100c. The share price opened at 151c and closed at 1...
UNIT TRUSTS
JOHANNESBURG - Yesterday's quotations for Mutual Funds were: FUND NAMEBUYSELLYIELDINCOMESELLINGPRICE DISTRIBHIGHLOW ABSA: GE340,54320,291,696,09320,29200,14 Balanced153,42144,304,506,97144,30104,20 International157,95148,552,134,92148,55115,47 ...
