Business

AT&T to take 'uncompetitive' Telkom to court
JOHANNESBURG -- AT&T, a leading international telecommunications supplier, said yesterday it would take legal action against Telkom for refusing to adhere to the landmark ruling against it by the Independent Communications Authority of South A...

IN BRIEF
EU may reform farm policy BRUSSELS -- The European Commission yesterday approved ambitious proposals outlining reform of the Common Agricultural Policy (CAP) regarding farm subsidies, sources said. The proposals, expected to cut the long-standin...

GOLD
NEW YORK -- Selected gold prices (in USdollars per troy ounce) yesterday: Hong Kong: 316.85; London:315.20; Paris: 312.48; Zurich: 314.70. -- Sapa-AP Eastern Cape &nbs...

NEW HIGHS & LOWS
NEW HIGHS PRICEPREV HLH 930929 OMNIA 11351075 CASHBIL 510500 EDCON 41004060 FOSCHNI 990970 PETMIN 690675 PRIMEDIA 500480 HLH 7% CP965955 AFGEM 230225 SG DDT PA8580 IB RCH P36861 IB NED P45550 SG NED P69182 SG MCE P75350 SG KMB P4...

INDICES
JOHANNESBURG -- Selected indices for JSE Securities Exchange at close of trade: All share: . . . . . . . .N/A Industrials: . . . . . . . .N/A Financial: . . . . . . . N/A All gold: . . . . . . . .N/A Eastern Cape ...

JSE main indices in the red
JOHANNESBURG -- The Johannesburg Securities Exchange ended lower yesterday with all the main indices in the red with the exception of the gold index, Tradek reported. European markets did not fare well either with the FTSE down 68 points and the ...

MAJOR MOVEMENTS
DAILY TOP 10 UP TISEC 54+ 400,0 INCENT 32+ 200,0 OTR 104+ 66,7 DB GFI C69331+ 50,0 IB HAR C23611+ 44,0 BP GFI C628183+ 41,9 SG HAR C411230+ 36,6 BP RCH P8338+ 32,0 COMMAND133+ 30,0 IB GFI C1358+ 29,6 WEEKLY TOP 10 UP TISEC 54+ 400,0 C...

Oil prices do turnabout
LONDON -- Oil prices rose sharply yesterday, reversing recent falls, after a weekly report revealed a sharp decline in US inventory levels. Benchmark Brent North Sea crude oil for August delivery rose 70 cents to $25,87 per barrel. In New York, ...

RATES OF EXCHANGE
JOHANNESBURG -- Yesterday's closing exchange rates, as supplied by Standard Bank: (R/£, R/Euro R/US$ and R/Irish£, other rates per rand.) BRITISH STERLING15.7266 EURO CURR UNIT9.9871 UNITED STATES DOLLAR10.0562 ARAB EMIRATES DIR0.3370 AU...

SAB concludes R34bn deal
MILWAUKEE -- South African Breweries PLC completed its R34billion purchase of Miller Brewing Co on Tuesday, forming the world's second-largest brewer. London-based South African Breweries had announced on May 30 that it had agreed to buy Miller, ...

Sasol begins work on gas pipeline
NELSPRUIT -- An official sod-turning ceremony yesterday marked the start of construction of a pipeline to pump natural gas from Mozambique to South Africa. The ceremony, performed by Mpumalanga premier Ndaweni Mahlangu, took place at Badplaas. "...

SHIPPING
In port last night: Pacific Brigand at F. Arrived yesterday: Nil. Sailed yesterday: Nil. Due today: Dal East London (0700) from Spain to L, Range (1400) from Durban to K corner, Temburong (pm) from Port Louis to T. E...

JSE SECURITIES EXCHANGE at the close
Use your computer to receive JSE prices, futures, graphs and more. Details an accuracy queries: Sharenet: (021) 710 5700. See our internet site at http://www.sharenet.co.za MINING COAL CENTURY4SUS WANKIE6 GOLD MINING ANGGOLD55900+1500 ARMGOLD...

Investment in UK takes a 12% dip
LONDON -- Foreign investment in Britain plunged 12% in the year to March as companies around the globe scrambled to rein in spending in response to the deepest downturn in a decade, a government agency said yesterday. Invest UK said Europe's thir...

UNIT TRUSTS
JOHANNESBURG - Yesterday's quotations for Mutual Funds were: FUND NAMEBUYSELL ABSA Fund Managers: Aggressive FoF129,62123,78 Balanced A147,21138,17 Balanced R147,31138,27 Bond A103,98102,47 Fincl&Ind Index92,7587,05 Flexible104,4298,01 Genera...