Business

Union, chipboard firm agree on pay deal
UMTATA -- The Chemical, Energy, Paper Printing, Wood and Allied Workers' Union has won a 12% wage increase following successful negotiations with Chipboard Industries. Local union organiser Mkululi Siduna yesterday said the agreement will now see...

CPIX down to 7,7%
PRETORIA -- Year-on-year consumer price inflation less mortgage costs declined to 7,7% last month from 8,5% in April, Statistics SA reported yesterday. It said annual food price rises were among the main contributors to the annual percentage chan...

Da Gama invests R123m in BC
IT'S NO YARN: Da Gama textiles joint MD Bob Funnell (left) and group financial director Danie Wium in the plant where machinery to the value of R75 million will be installed. This forms part of a R123m investment. ...

GOLD
NEW YORK -- Selected gold prices (in United States dollars per troy ounce) yesterday: Hong Kong: 360.95; London: 363.20; Paris: 358.49; Frankfurt: N/A; Zurich: 362.12. -- Sapa...

SA helps develop helmet
JOHANNESBURG -- Pilots of the Swedish Gripen fighter aircraft will wear a helmet partly developed in South Africa, according to an agreement signed at the Paris Air Show in France yesterday. Saab Aerospace and BAE Systems signed an agreement for ...

NEW HIGHS and LOWS
NEW HIGHS PRICEPREV ATLAS 835830 KERSAF 32003060 ELERINE 22502200 CASHBIL 14001360 EDCON 73007000 FOSCHNI 15001480 PIKWIK 650635 AHEALTH 10511025 ABI 55505450 SOFTLINE 150145 GOLDREEF 395365 NASPERS-N28952680 WOOLIES 615605 TRU...

Numsa strike at Iscor suspended
JOHANNESBURG -- The three-week strike at Iscor was suspended yesterday, the National Union of Metalworkers of SA (Numsa) said. The union said striking workers would return to work immediately. "The suspension of the strike comes after extensive ...

US gains benefit local market
JOHANNESBURG -- The United States' strong gains on Monday, while the local bourse was closed, added early impetus yesterday. The price of gold moved through $360/oz in early trading. The steady rand allowed gold shares to take advantage so that ...

MAJOR MOVEMENTS
DAILY TOP 10 UP QUYN 106+ 150,0 GB GLD C1A62+ 50,0 IB PIK CA217+ 50,0 IB HAR CF4913+ 36,1 CONTROL8020+ 33,3 SB HAR CD41+ 33,3 SB ANG CC255+ 25,0 DB GFI CE10016+ 19,1 IB GLD CB8213+ 18,8 DON 71+ 16,7 WEEKLY TOP 10 UP COROHLD53814877+ ...

SA 'unlikely' to join world body fighting illegal money
BERLIN -- South Africa is unlikely to be admitted this week to an international body charged with supervising the fight against money laundering, a German government source said yesterday. SA's membership of the Financial Action Task Force (FATF)...

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 STERLING13.4120 EURO9.3950 UNITED STATES DOL7.9262 ARAB EMIRATES DIR0.4391 AUSTRALIAN DOLLA...

SHIPPING
In port last night: Sea Surveyor in drydock, Lykes Raider at L. Arrived yesterday: Turan Dot (0600) from Le Havre to S, African Highway (0800) from Durban to N, Lykes Raider (1800) from Cape Town to L. Sailed yesterday: African Highway (1300) to...

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 WANKIE16 GOLD MINING ARMGOLD7700+450 AVGOLD800...

UNIT TRUSTS
JOHANNESBURG - Yesterday's quotations for Mutual Funds were: FUND NAMEFEENAV ABSA Fund Managers: Aggressive FoF4,56118,59 Balanced A5,70137,92 Balanced R5,70137,89 Bond A1,14117,01 Dividend Inc A0,57102,10 Fincl&Ind Index5,7081,00 Flexible5,7...