Business

JSE down along with Europe
JOHANNESBURG -- The JSE Securities Exchange failed to hold onto its firmer opening yesterday and drifted lower throughout the day to close in the red in line with its European counterparts. Resource counters, led by heavyweights Anglo American an...

Diamond Board row settled
PRETORIA -- The SA Diamond Board and DVIC Valuations, the government-appointed diamond valuator, yesterday announced they had reached an out-of-court settlement of long-standing differences. The valuator is contractually employed by the board, a...

Maize exports slow
JOHANNESBURG -- South African deep water exports of maize slowed in March with only two ships leaving the country during the month, resulting in a total of 59350 tonnes shipped. Another two ships are scheduled to leave the country during April a...

Hyundai urged to cut jobs
SEOUL -- Foreign consultants yesterday urged Hyundai Engineering and Construction Co to slash 20 percent of its workforce to ensure the survival of South Korea's largest construction firm. Arthur D. Little, the foreign company advising Hyundai En...

DC in deal with Continental
FRANKFURT -- The German-US car giant DaimlerChrysler said yesterday it planned to sell a 60% stake in its micro-electronics arm Temic to the tyre maker and car parts makeºr Continental. DaimlerChrysler would initially keep hold of the remai...

Training gives recognition to building workers
By Lew Elias EAST LONDON -- The Eastern Cape is the first province to offer people in the building industry the opportunity to obtain official recognition of their skills. This was made possible through an agreement with four training centres in...

Advisers get more training
EAST LONDON -- Forty Eastern Cape small business advisers will attend training workshops to enable them to provide better service to the budding entrepreneurs they counsel. This is Absa Bank's most recent contribution in partnership with the East...

GOLD
NEW YORK -- Selected gold prices (in US dollars per troy ounce) yesterday: Hong Kong: 257.75; London: 257.55; Paris: N/A; Frankfurt: N/A; Zurich: 257.20. -- Sapa-AP ...

INDICES
JOHANNESBURG -- Selected indices for Johannesburg Securities Exchange at close of trade: All share: . . . 8158.90 . . . . . . . . . . . . . . . . . . .-87.00 Industrials: . . . 7040.10 . . . . . . . . . . . . . . . . . . . -86.30 Financial: . . ....

MAJOR MOVEMENTS
DAILY TOP 10 UP WHETSTN52+ 66,7 CORE 31+ 50,0 SG SFT C331+ 50,0 HERCOL 3811+ 40,7 DB SAP C25714+ 32,6 SB I ALS P4235+ 27,8 CULINAN51+ 25,0 DAEWOO 51+ 25,0 TER-FIN51+ 25,0 MAXTEC 255+ 25,0 WEEKLY TOP 10 UP SB NPN C254+ 400,0 FESQUARED30...

NEW HIGHS and LOWS
NEW HIGHS PRICEPREV PUTPROP 330305 GRINCOR 340330 MINGRAN 76 SENTRY 310300 SB DDT P5275274 SB I IND 169167 IB IND P2202200 SB AMS P5129127 G STX CC2154142 BP STX P38079 NEW LOWS PRICEPREV GENBEL 14501500 INVSTEC 1900019200 INHOLD 1670017...

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.) GREAT BRITAIN11.6071 EURO CURR UNIT7.2609 IRELAND9.2180 USA8.1320 UAE.4258 AUSTRIA1.8883 AUSTRALIA.2493 BE...

SHIPPING
EAST LONDON -- Shipping movements: In port last night: The Reed Buck at S berth. Arrived yesterday: Nil. Sailed yesterday: Nil. Due today: Iwashiro (0700) from Durban to K corner. Eastern Cape   Sout...

UNIT TRUSTS
JOHANNESBURG - Yesterday's quotations for Mutual Funds were: FUND NAMEBUYSELL ABSA Fund Managers: Aggressive FoFnana Balanced Anana Balanced Rnana Fincl&Ind Indexnana Flexiblenana General Anana General Rnana Growth FoFnana Incomenana Interna...