Business

Unit trusts 'must go back to basics'
By Eddie Botha Business Editor CAPE TOWN -- The R176 billion unit trust industry in South Africa, which initially gave the man in the street access to the stock market, should go back to its roots, says newly appointed Old Mutual Unit Trusts MD ...

Bank to process own cards
JOHANNESBURG -- Standard Bank announced yesterday that the provision of card processing services by outsourcing services provider EDS would be moved back to the bank's card division. Craig Bond, director of Standard Bank's card division, said thi...

ON THE DECLINE
A road sweeper passes a graph charting the downward movement of the FTSE 100 share index in London. The index fell 2% yesterday, moving towards the September 11 market low. (AP) Eastern Cape   South Afri...

GOLD
NEW YORK -- Selected gold prices (in US dollars per troy ounce) yesterday: Hong Kong: 313,15 London: 315,00 Paris: 311,44 Frankfurt: n/a Zurich: 314,80 -- Sapa-AP Eastern Cape   South Africa...

NEW HIGHS and LOWS
NEW HIGHS PRICEPREV OMNIA 12501135 PRIMEDIA 520500 DB MCE P78678 IB AMS P57368 DB RCH P98079 GB XIND P6966 IB SAP P36362 IB RCH P37168 SB OML P4149145 DB SOL P2244203 SB I ALS 7559 IB AGL P4640 SG SOL PB5856 SG SBK P13424 SG RCH P57057 SG MCE ...

Global jitters hit SA markets
JOHANNESBURG -- The resurfacing of accounting jitters continues to plague world markets, including South Africa's, Tradek said yesterday. Unfortunately not too many bourses are able to avoid this. To illustrate this, the S&P 500 is sitting a...

MAJOR MOVEMENTS
DAILY TOP 10 UP MOULDMED64+ 200,0 DB RCH P72914+ 93,3 G STX CC43113+ 72,2 DB RCH P98033+ 70,2 BP NED P4229+ 69,2 UB RCH P5145+ 55,6 SB AGL P65820+ 52,6 KAIROS 62+ 50,0 SB I ALS P47525+ 50,0 BP ANG C44013+ 48,2 WEEKLY TOP 10 UP TISEC 54+ ...

Microsoft to launch wireless products
SEATTLE -- Microsoft Corp plans to launch products this year that will let consumers wirelessly connect multiple computers and appliances in their homes to the Internet. The software giant, which scheduled its announcement for yesterday, won't g...

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 STERLING15.8674 EURO10.0550 UNITED STATES DOL10.1860 ARAB EMIRATES DIR0.3327 AUSTRALIAN DOL...

SHIPPING
In port last night: Pacific Brigand in drydock. Arrived yesterday: Dal East London (06:55) from Durban to L. Sailed yesterday: Dal East London (21:00) to Port Elizabeth. Due today: Range (06:00) from Durban to K corner, Neptune Ace (06:00) from...

JOHANNESBURG 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 ANGGOLD57800+1900 ARMGOLD5...

UNIT TRUSTS
JOHANNESBURG - Yesterday's quotations for Mutual Funds were: FUND NAMEBUYSELL ABSA Fund Managers: Aggressive FoF128,06122,28 Balanced A146,09137,12 Balanced R146,20137,22 Bond A104,20102,70 Fincl&Ind Index91,2985,68 Flexible102,9896,65 Genera...