Business

SARB 'obliged' to act against pyramid schemes
JOHANNESBURG -- South African Reserve Bank governor Tito Mboweni said yesterday the central banker was obliged to act against pyramid schemes and weak banks in the interest of the country. "There are times, within the context of our mandate, when...

Law firm set to publish guide on investment in SA
JOHANNESBURG -- Law firm Webber Wentzel Bowens will publish a guide to investment in South Africa, senior partner Ed Southey said yesterday. Southey, a past president of the Association of Law Societies of South Africa and currently chairperson o...

AngloGold upbeat about future of gold
JOHANNESBURG -- Gold producer AngloGold said yesterday it retained its confidence in the metal despite its price dipping in the first two months of 2001. In the company's annual report released yesterday, chairman Bobby Godsell said a "realistica...

Govt policy boost to online spending
JOHANNESBURG -- South African e-tailer, Kalahari.net, has welcomed the government's draft telecommunications policy as it believes competition will mean lower Internet access costs for consumers, greater time spent online and a boost to spending a...

Nervous JSE falls across the board
JOHANNESBURG -- The JSE Securities Exchange fell across the board yesterday with resource stocks leading the downside in a market driven by jitters over the future of Wall Street. Heavyweight stocks were knocked down as players took profits and c...

GOLD
NEW YORK -- Selected gold prices (in US dollars per troy ounce) yesterday: Hong Kong: 260.35; London: 260.10; Paris: 260.19; Frankfurt: N/A; Zurich: 260.55. -- Sapa-AP ...

HIGHS and LOWS
NEW HIGHS PRICEPREV PASDEC 6560 SB MCE P4225214 SB I IND 143136 IB IND P2179161 SB RCH P55651 DB AMS P66765 GB AGL P27972 GB JNC P2134133 G STX CC2123119 SG SAP C5144138 SG PON C33429 SG SOL C3202153 SG SOL C5185133 SG SOL C6166115 NEW LOWS PRIC...

INDICES
JOHANNESBURG -- Selected indices for JSE at close of trade: All share: . . . 8485.60 . . . . . . . .. . . . . . . . . . -171.00 Industrials: . . . 7310.50 . . . . . . . . . . . . . . . . . .-116.90 Financial: . . 10115.10 . . . . . . . . . . . . ...

MAJOR MOVEMENTS
DAILY TOP 10 UP BONATLA3518+ 105,9 MOULDMED42+ 100,0 STREAMWRK2512+ 92,3 KAIROS 52+ 66,7 OXBRIDGE31+ 50,0 SG DTC C362+ 50,0 CHARLAND41+ 33,3 PASDEC 6515+ 30,0 ABACUS 51+ 25,0 IB DTC C2438+ 22,9 WEEKLY TOP 10 UP SB I ALS P42013+ 185,7 TISEC...

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.) BRITISH STERLING11.4409 EURO CURR UNIT7.2262 IRISH POUND9.1744 UNITED STATES DOLLAR7.9500 ARAB EMIRATES DIR...

SHIPPING
EAST LONDON -- In port last night: Fuyji 6 in drydock, Nong Jyi Yow in drydock, Jin Chiuch Heui at F. Arrived yesterday: Euro Spirit (0600) from Southampton to R extension. Sailed yesterday: Euro Spirit (1022) to Port Elizabeth. Due today: Nil...

UNIT TRUSTS
JOHANNESBURG - Yesterday's quotations for Mutual Funds were: FUND NAMEBUYSELL ABSA Fund Managers: Aggressive FoF126,85121,19 Balanced A121,50114,21 Balanced R122,50115,15 Fincl&Ind Index97,1291,29 Flexible106,44100,06 General Anana General Rn...