Business

JSE ends on firmer note
JOHANNESBURG -- The Johannesburg Stock Exchange ended firmer yesterday on the back of better US markets on Tuesday with equities futures trade also propping up the market. Also helping the JSE firmer was the release of February producer price in...

Zim events may spoil investment initiative
BERLIN -- Germany hosts a conference today and tomorrow aimed at encouraging private investment in southern Africa, but the event may be overshadowed by the violent anarchy in Zimbabwe over land rights. Some six heads of state or government and a...

Gold price expected to stay below $300
LONDON - The price of gold is likely to hover between $250 and $300 for the rest of the year, the London-based commodities company Gold Fields Minerals Services (GFMS) predicted in a report yesterday. "For the time being, the price elasticity of ...

New boss for Portnet harbour division
JOHANNESBURG - State-owned transport utility Transnet yesterday announced that it had appointed Siyabonga Gama as chief executive officer of Portnet's port authority, its harbour infrastructure division. Transnet deputy MD Mafika Mkwanazi said Ga...

Rand plummets to new low
JOHANNESBURG -- The rand came under renewed pressure in afternoon trade and plummeted to a 20-month low against the US dollar on the back of offshore dollar demand. The rand opened the day around 6,7200 to the US dollar before testing an intrada...

Burden eased on firms hit by Rover sale
LONDON - The government yesterday announced a package of £10 million in aid for suppliers expected to be hit by BMW's sale of ailing British car manufacturer Rover. BMW is finalising the terms of a deal to sell Rover to a British venture cap...

GOLD
NEW YORK -- Selected gold prices (in US dollars per troy ounce) yesterday: Hong Kong:277.70; London:276.00; Paris: 277.35; FrankfurtN/A Zurich: 275.60; -- Sapa-AP Eastern Cape   South Africa...

INDICES
JOHANNESBURG -- Selected indices for JSE at close of trade: All share:74001 Industrials:8442.5 Financial:9943.2 All gold:936.8 Eastern Cape   South Africa   Foreign   Busine...

MAJOR MOVEMENTS
DAILY TOP 10 UP CHARIOT73+ 75,0 SG DBR C2 62+ 50,0 REFCORP72+ 40,0 COATES 30075+ 33,3 DB B9 F205+ 33,3 SOTTA 205+ 33,3 SB SAP C3 287+ 33,3 SB LLA C3 11328+ 32,9 OTR 184+ 28,6 SB BOE C2 337+ 26,9 WEEKLY TOP 10 UP FRANSAF9065+ 260,0 PA...

NEW HIGHS and LOWS
NEW HIGHS PRICEPREV OCTODEC 290285 Q MART 8580 NEW LOWS PRICEPREV OMNIA 610650 ABI 38503900 MOBILE 6%7375 FALCON 200280 TIWHEEL 14001480 EDUCOR 200240 VESTCOR 5061 LONAFRIC 100142 VIKING 289290 DCENTRIX 130140 SHAWCELL 4344 MAGN...

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.) USA6,8450 EURO6,4013 GREAT BRITAIN10,8343 IRELAND8,1267 UAE,5361 AUSTRIA2,1553 AUSTRALIA,2436 BELGIUM6,3150 BOTSW...

UNIT TRUSTS
JOHANNESBURG - Yesterday's quotations for Mutual Funds were: FUND NAMEBUYSELL ABSA: Aggressive FoF134,89128,87 Balanced104,4598,09 Fincl&Ind Index105,6299,19 Flexible101,8595,65 General210,44197,64 Growth FoF103,7299,09 Income108,52107,31 Int...