Business

Market ends flat as platinum slips
JOHANNESBURG -- The JSE Securities Exchange yesterday closed flat with gains in the industrial and financial sectors cancelled by losses among resources counters, especially the platinum stocks. Trade on the day was strong, with over R3billion goi...

New banknotes being designed
PRETORIA -- The South African Reserve Bank (SARB) is designing a new series of banknotes which will be launched in approximately two years. In a statement, SARB said that in a society where cash is widely accepted as a means of payment, public c...

SARB may ease monetary policy bias
JOHANNESBURG -- The odds are weighted heavily in favour of the South African Reserve Bank easing its monetary policy bias after the next meeting of its Monetary Policy Committee (MPC), set for today and tomorrow. Colen Garrow, ABN AMRO's treasur...

INDICES
JOHANNESBURG -- Selected indices for JSE at close of trade: All share: . . . 9263.60 . . . . . . . . . . . . . . . . . .dn 1.30 Industrials: . . . 7819.80 . . . . . . . . . . . . . . . . . ,up 11.60 Financial: . .10611.30 . . . . .. . . . . . . . ...

GOLD
NEW YORK -- Selected gold prices (in US dollars per troy ounce) yesterday: Hong Kong: 271.15; London: 271.20; Paris: 270.73; Frankfurt: N/A; Zurich: 271.45. -- Sapa-AP ...

SHIPPING
EAST LONDON -- In port last night: Yola in drydock. Arrived yesterday: Nil. Sailed yesterday: Nil. Due today: Nedlloyd Kowie (0600) from Las Palmas to K middle, Lykes Energizer (1300) from Cape Town R extension. East...

'Bank customers pay R1bn to fight crime'
JOHANNESBURG -- Bank account holders pay R1 billion a year to help the financial institutions fight crime, the high court here heard. Testifying during aggravation of sentencing in the fraud trial of former NBS bank manager Vito Assante, 50, ban...

Teba set to expand to rural areas
JOHANNESBURG -- South African financial services group Teba Bank is gearing up to roll out affordable financial services to rural communities. The company said in a statement yesterday that it is spending millions as part of an initiative to upgr...

Self-study course for EC entrepreneurs
By Eddie Botha Business Editor EAST LONDON -- If you wish to become a successful entrepreneur, the first and most important starting point is to understand how your mind works, says Entrepreneurial Business School (EBS) director Mauritz Bekker. ...

MAJOR MOVEMENTS
DAILY TOP 10 UP HEAVEN 63+ 100,0 SG PON C2124+ 50,0 NAMSEA 134+ 44,4 ABCPLUS72+ 40,0 DB INT C141+ 33,3 BP AMS P3246+ 33,3 ZAPTRONIX184+ 28,6 SG PON C3102+ 25,0 UB AMS P3275+ 22,7 EQUINOX499+ 22,5 WEEKLY TOP 10 UP CULINAN62+ 50,0 HEAVEN 6...

NEW HIGHS and LOWS
NEW HIGHS PRICEPREV SASOL 80708040 NINIAN 12301225 ISCOR 30002920 ILLOVO 720691 SUPRGRP 845835 SENTRY 343342 GLOTEC 179170 DB SOL C2268266 DB ISC C26256 SB ISC C2114110 SB SOL C3237235 IB ISC C1139126 IB SOL C1246244 SG ISC C2139134...

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 BRITAIN11.4803 EURO CURR UNIT7.0918 IRELAND9.0057 USA8.1780 UAE.4235 AUSTRIA1.9351 AUSTRALIA.2204 BE...

UNIT TRUSTS
JOHANNESBURG - Yesterday's quotations for Mutual Funds were: FUND NAMEBUYSELL ABSA Fund Managers: Aggressive FoF134,49128,58 Balanced A132,72124,75 Balanced R132,85124,87 Fincl&Ind Index102,7696,59 Flexible113,52106,71 General A230,73216,87 ...