Business

World market woes flood JSE with doom and gloom
JOHANNESBURG -- SA shares plunged by more than 5% yesterday as the JSE was flooded by bad news from other world markets. Following heavy losses on the Hong Kong and Tokyo exchanges which fell 3,5% and 1,4% respectively and a nose-dive of 12% on th...

Acsa flies high with new shareholders
JOHANNESBURG -- Transport Minister Mac Maharaj and Airport Company South Africa (Acsa) yesterday officially welcomed six successful black empowerment applicants to the company. The new shareholders, who gathered at a function at Johannesburg Inter...

De Beers results 'disappointing'
JOHANNESBURG -- Loss of sales in Japan and South East Asia saw diamond giant De Beers post disappointing results for the six months ended June 30. Chairman Nicky Oppenheimer said yesterday that the half-year period had been a difficult one for the...

ON THE MOVE
Leon Delport, manager of business development at the East London branch of Planet Finance Bank -- a member of Saambou Bank Ltd -- has been promoted to area manager for the Border region.   ...

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 USA6,25506,23416,19246,4750 AUSTRALIA0,27040,27160,27380,2586 AUSTRIA2,02272,02952,...

UNIT TRUSTS
JOHANNESBURG - Yesterday's quotations for Mutual Funds were: FUND NAMEBUYSELLYIELDINCOMESELLINGPRICE DISTRIBHIGHLOW ABSA: GE352,29331,35--6,09354,85200,14 Balanced160,65151,11--6,97158,81104,20 Fund of Funds99,4195,08--na98,1694,49 Internationa...