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  • Naspers hits an all-time high of R1,275 a share
  • Yesterday, multinational media group Naspers closed at a high. Shares in the company soared after Chinese company Tencent, which Naspers owns a third of, added nearly 6%. The performance of Naspers helped the JSE finish the day firmly higher. Let's take a closer look at what's going on with Naspers… Naspers closed at a high yesterday, reports IOL. The share gained 4.41% closing the day at R1,2... ››› more
  • [18 February 2014]
  • Why it can pay to know what forex markets are open when you trade
  • When you trade the forex markets, it can be beneficial to your trading strategy to know how the market changes depending on the time of day it is. Depending on the time you trade, there are different characteristics in place. And this means you can tweak your trading strategy accordingly. Let's take a closer look at how the time of day affects the forex market… Liquidity can vary depending on ... ››› more
  • [17 February 2014]
  • The rand holds onto gains made on Friday
  • After kicking the year off on the wrong foot, the rand is holding onto gains made against the dollar at the end of the week. A weaker dollar is helping the local currency maintain its current level. Investor aversion to emerging market currencies is also abating. Let's take a closer look at what's going on with the rand… This morning, the rand continues to hover around “its highest level in ... ››› more
  • [17 February 2014]
  • Amplats sues the AMCU for damages
  • Yesterday, Anglo American Platinum (Amplats) announced that it was suing the Association of Mineworkers and Construction Union (AMCU). The legal bid sees Amplats seeking damages from the AMCU over the strike action affecting its platinum operations. Let's take a closer look at what's going on… Anglo American Platinum has said that it’s “suing a trade union for damages and losses,” report... ››› more
  • [17 February 2014]
  • ICASA delays its plans to cut termination rates after MTN's legal challenge
  • At the end of January, the telecoms regulator announced it was slashing the fees mobile operators charge other operators to use their networks. MTN and Vodacom weren't happy with the decision. Last week, MTN took legal action to try to stop the regulator's plans. As a result, plans are on hold. Let's take a closer look at what's going on… Last month, the Independent Communications Authority of... ››› more
  • [17 February 2014]
  • The price of bullion blasts through $1,300 an ounce
  • Since dipping to $1,195 in mid-December, gold has been on a volatile journey upwards. After closing last night in London at $1,296, gold has blasted through the $1,300 level. And it has kept on rising. Let's take a look at what's pushing the price of gold higher… Gold is in the midst of its “longest rally since 2011,” says Mineweb. The yellow metal has soared through the $1,300 level “fo... ››› more
  • [14 February 2014]
  • The strike in the platinum sector rolls on… with no end in sight
  • A week has passed and there's been very little progress made to bring an end to the strike affecting the top three platinum producers. This as the strike enters its fourth week. Talks between the Association of Mineworkers and Construction Union (AMCU) and state mediator are now set for Monday. Let's take a closer look at what's going on… A meeting between the state mediator and the AMCU set f... ››› more
  • [14 February 2014]
  • The JSE rises strongly spurred on by good news
  • The JSE closed the day firmly higher yesterday. Good news from China early in the day helped get trading off to a good start. Higher precious metal prices helped take gold and platinum stocks higher too. And there were some outstanding performers from individual shares. Let's see what happened on the JSE yesterday… The JSE finished the day comfortably higher helped by” positive global sentim... ››› more
  • [13 February 2014]
  • Shares in African Bank soar nearly 6% on issue of Swiss franc bond
  • Yesterday, African Bank issued a Swiss franc bond worth 175 million Swiss francs (R2.15 billion). The news sent shares in the bank soaring as investors greeted the news well. Let's take a closer look at why it had such a positive impact on the bank's share price… African Bank (ABIL) “issued a senior unsecured bond worth 175 million Swiss francs” yesterday, reports Fin24. The market took th... ››› more
  • [13 February 2014]
  • Will Vodacom join MTN in its bid to challenge ICASA's ruling on rate cut?
  • Yesterday, MTN announced that it is to challenge the Independent Communications Authority of South Africa's (ICASA) ruling over termination rates. At the end of January, ICASA said that as of the beginning of March, termination rates between mobile providers will drop 50%. Vodacom said last week it planned to challenge the bid. Let's take a closer look at what's going on… Yesterday, MPs heard ... ››› more
  • [12 February 2014]
  • The rand manages to stand its ground below 11 to the dollar
  • Today, the rand has strengthened below R11 to the dollar. Chinese data released this morning has helped the local currency to briefly rally. This, along with news from the US that it raised its debt ceiling and provided more clarity of plans to cut its stimulus, translated into good news for the rand. Let's take a closer look at what's going on… The “release of positive Chinese trade data”... ››› more
  • [12 February 2014]
  • Why the price of Bitcoin plunged
  • The price of Bitcoin fell on Monday after Bitcoin exchange Mt Gox led everyone to believe that there was a serious flaw in the software that controls the digital currency. Panic saw hundreds of dollars wiped off its price. Read on to what led to the price of Bitcoin falling so much… The world’s first Bitcoin exchange, Mt Gox, stopped the transfer of Bitcoins out of the exchange to personal w... ››› more
  • [12 February 2014]
  • Yellen confirms the Fed will continue to trim stimulus programme
  • Yesterday, Janet Yellen, the newly appointed chairwoman of the US Federal Reserve (Fed), made her first public comments since taking over from Ben Bernanke. Ms Yellen confirmed that the US central bank would continue to cut its massive stimulus programme. Let's take a closer look at what Ms Yellen revealed… Janet Yellen appeared before the House Financial Services Committee yesterday, notes th... ››› more
  • [12 February 2014]
  • South Africa's unemployment rate ebbs slightly to 24.1%
  • Earlier today, Stats SA released its quarterly labour force survey. It showed the number out of work dropped slightly from the previous quarter. And it was at its best level in nearly two years. Adcorp released its employment index yesterday. This reflected the poor state of affairs in the South African job market. Let's take a closer look at unemployment in South Africa… Today, Stats SA showe... ››› more
  • [11 February 2014]
  • Barclays Africa boosts earnings as impairments fall
  • Earlier today, Barclays Africa released its full-year results to the end of December. A drop in impairments boosted the bank's full-year's earnings. Shares in Barclays Africa rose on release of the results. Let's take a closer look at what the results revealed… This morning, Barclays Africa Group reported “an expected 14% rise in full-year earnings,” reports IOL. This was mostly down to a ... ››› more
  • [11 February 2014]
  • Facebook's founder and his wife are the US's top philanthropists of 2013
  • Yesterday, the Chronicle of Philanthropy named Mark Zuckerberg, the founder of Facebook and its CEO, and his wife, as joint top philanthropists in the US. Over the course of last year, they donated nearly $1 billion. And last year saw an increase in donations from 2012. Let's take a closer look at what else the Chronicle's list revealed… Facebook’s founder, Mark Zuckerberg and his wife, Pris... ››› more
  • [11 February 2014]
  • Higher gold and platinum prices lift the JSE
  • Yesterday, the Johannesburg Stock Exchange closed the day firmly higher. A rally in the price of gold and platinum helped to push the local bourse to its third positive trading day in a row. Let's take a closer look at yesterday on the JSE… Higher gold and platinum prices helped “gold and platinum producers” book gains yesterday on the JSE, reports Fin24. Leading the gold producers was Ang... ››› more
  • [11 February 2014]
  • CFR drops its bid as Bidvest stocks up on Adcock shares
  • Since Chilean firm, CFR Pharmaceuticals, first noted its interest in local drug maker Adcock Ingram, it was anything but plain sailing. The final nail in the buyout coffin was Bidvest's move to buy as many Adcock shares as it could get its hand on. Not surprisingly, CFR has now dropped its bid for Adcock. Let's take a closer look at what went on… On Friday, CFR announced what the market expect... ››› more
  • [10 February 2014]
  • The rand is struggling to hold onto any gains
  • Since the start of the year, the rand has been under continued pressure. After sliding through R11 to the dollar, it's struggling to find its feet. On Friday, the US released job numbers gains were modest. The rand took some respite from this, but it didn't last long. Let's take a closer look at what's going on with the rand… Late Friday, the rand saw a brief rally as job figures in the US cam... ››› more
  • [10 February 2014]
  • Platinum producers to resume talks with the CCMA tomorrow
  • Last week, talks between platinum producers and the Association of Mineworkers and Construction Union (AMCU) broke down. This as the strike affecting the top three platinum producers continues into its third week. Now the platinum producers are meeting with mediators tomorrow. Let's take a closer look at what's going on… The top three platinum producers will “meet alone with independent medi... ››› more
  • [10 February 2014]
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