The JSE eked out a small gain to end the day in the green on 66,012.78 points, reversing earlier gains from a surge in commodity prices after the release of higher-than-expected inflation numbers. US inflation came in at 5.4% year-on-year versus the 5.3% expected. Bar for Brent crude that dipped but stayed above $83 a …
Market wrap: JSE ekes out small gain, while rand takes bigger strides Read More »
Facebook chief executive Mark Zuckerberg must feel like a heavyweight boxer going the distance after the two weeks he’s had amid whistle-blower allegations and outages for Facebook and the two other social media behemoths it owns, Instagram and Whatsapp. It was a rude awakening for Zuckerberg and co but not one that many of us …
Opinions of the Day: Facebook woes and Mogoeng Mogoeng’s legacy Read More »
The team of Gift of the Givers is driven by one thing only – helping! And serving the country. Its head Imtiaz Sooliman who left a flourishing career as a medical doctor to established the Gift of the Givers Foundation after a ‘divine’ message to form the organisation, was doing what he does best, selflessly for almost …
While you were asleep: A timely reminder of finding hope in giving selflessly Read More »
The JSE tracked global markets south, albeit by a modest 0.17% to 65,988.12 points, as rising energy costs stoked inflation fears and commodities took a breather. Platinum counters were flying the flag in a mixed commodity market, with Eastplats (+12.47%) and Implats (+3.85) leading the gains as they tracked the platinum price (last up 0.59% …
Market wrap: JSE follows gloomy global markets south, while rand firms Read More »
The Local Government Elections are a little under three weeks away and last night President Cyril Ramaphosa declared that November 1, the date set out for the elections, will be a public holiday. A welcome announcement for employees who may not have been able to get the time off to go and exercise their democratic …
Opinions of the Day: Campaigning, rhetoric and posters Read More »
Borrowers should brace for bad news as inflation pressures grow and traders raise their bets that the South African Reserve Bank (SARB) will raise interest rates in November after it warned of upside risks to its inflation outlook. Piling on the bad news is an expected “notable rise” in petrol prices next month as an increased demand for gas …
While you were asleep: Cracking the inflation whip Read More »
The JSE picked up where it left off on Friday, adding another 1.32% to 66,101.04 points as an advance in industrial and precious metals prices continue to prop up miners. Diversified mining giant Anglo American gained 4.47%, Kumba Iron Ore 5.99%, African Rainbow Minerals 4.94% and ArcelorMittal 5.30% as prices from aluminium and coal to …
Market wrap: Mining heavies propel JSE 1.32% higher, while rand moves above R15/$ Read More »
Chief executives are increasingly looking to invest in expansion and business transformation as their confidence in the economy returns to pre-pandemic levels. And reforming the energy market to allow for the self-generation of electricity to 100MW without a licence contributed to the optimism, a latest CEO outlook survey shows. But this may take some time and Eskom’s …
While you were asleep: Flipping the switch on optimism Read More »
The JSE eked out a 0.13% gain to extend its winning streak as mining heavyweights continue to shine. The All Share index ended the week on a four-week high of 65,242.61 points, with Northam Platinum notching up 14.07% as platinum and palladium soared 4.7% and 5.5% respectively. Sibanye Stillwater, the most traded stock with 25 million shares changing hands, gained 9.60%, with Implats 9.31%, Angloplat 6.48% and Royal Bafokeng 5.16% following suit. ArcelorMittal SA added 0.3% to the …
Market wrap: JSE ends week on front foot as miners shine, rand steady around R14.90/$ Read More »
The September non-farm payrolls saw the US jobs market adding a paltry 194,000 jobs versus the 500,000 expected amid sliding Covid cases and the expiry of enhanced unemployment benefits. The unemployment rate fell 4.8% against an expected 5.1%. The rand moved immediately on the front foot, firming to R14.86 as the dollar lost ground.
