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  • The rand holds firm but it could all change later today
  • The rand has managed to hold its gains made this week. But that could all be about to change as world markets wait for the release of US jobs data. The rand firmed along with other emerging market currencies yesterday. Let's take a closer look at what could lie in store for the rand… Today, the local currency “was steady against the dollar,” reports MoneyWeb. This after the rand strengthen... ››› more
  • [07 February 2014]
  • The Pope's Harley Davidson fetches R3.6 million at auction
  • Last June, Pope Francis received a Harley-Davidson motorcycle from the company. But the church recently made a decision to auction off such items to raise money for charity. The motorcycle, bearing the signature of Pope Francis, went on auction yesterday in Paris. Let's take a closer look at what went on… Pope Francis has adopted some money saving measures since taking over as the head of the ... ››› more
  • [07 February 2014]
  • Harmony suspends all operations after fatalities
  • This morning, Harmony Gold announced the suspension of all operations. The gold producer now embarks on a 24 hour safety shift. Earlier in the week, a fire that broke out at its mine near Johannesburg led to the deaths of at least eight workers. And yesterday, Harmony said that two other workers died in two other separate incidents. Let's take a closer look at what's going on… Today, Harmony c... ››› more
  • [07 February 2014]
  • Twitter dips 12% on release of first quarter report
  • Twitter hit the stock market at the beginning of November last year. The hype surrounding the listing was similar to that seen when Facebook listed. Yesterday, the micro blogger released its figures for its first quarter. And even though the number were in line with forecasts, investors expected more. The share plunged in after-hours trading. Let's take a closer look at what Twitter revealed… ... ››› more
  • [06 February 2014]
  • The market isn't impressed with Vodacom's figures
  • Yesterday, mobile operator Vodacom released a trading update covering the last three months of last year. In spite of showing strong growth in data usage, it appears investors are concerned with the mobile giant's future outlook. Let's take a closer look at what the trading update revealed… In spite of Vodacom’s trading update containing some good news, shares in the mobile operator “close... ››› more
  • [06 February 2014]
  • Platinum sector wage talks breakdown as the AMCU remains set on R12,500 a month
  • Yesterday, talks continued between the top three platinum producers and the Association of Mineworkers and Construction Union (AMCU). All hopes were pinned on the parties coming to a deal over wages. But the talks proved fruitless. The AMCU insist they will continue to strike until the platinum producers meet their demands. Let's take a closer look at what happened yesterday… Yesterday, wage n... ››› more
  • [06 February 2014]
  • Forex markets going nowhere? Here's a trading strategy to deal with it
  • When there are no clear trends in the markets, like at the moment, it can be hard to know what to do next. The most important thing is don't panic. You need to wait for the opportunities to arise. So what should your trading approach be at time like these? And why are the markets behaving like this? Read on to find out what you should do… The most important thing is to step away from your trad... ››› more
  • [06 February 2014]
  • African Bank warns of profit plunge
  • Earlier today, African Bank Investments (Abil) released a trading update covering its first quarter to the end of December. The update warned that the lender expects a large fall in profits over the first half of its financial year. The share dropped on the news. Let's take a closer look at what the update revealed… The “largest provider of unsecured loans” in SA, Abil, said that over its ... ››› more
  • [05 February 2014]
  • The rand consolidates slightly after last week's heavy fall
  • The rand has shown some strength against major currencies. Last week saw the rand slump to five year lows as investors dumped emerging market currencies in their droves. But the rand is still trading below R11 to the dollar. Let's take a closer look at what's going on with the local currency… This morning, the “rand held broadly stable within a recent trading range against the dollar,” rep... ››› more
  • [05 February 2014]
  • Global markets feel the strain as worries over growth heighten
  • The JSE kicked off today on the back foot as markets in the US and the east saw large falls across the board. There are worries that economic growth in the world's biggest economies is ebbing. This is having a knock-on effect to other markets and it's dragging the JSE with it. Let's take a closer look at what's troubling markets… This morning, the JSE’s Top 40 Index fell heavily, “sending ... ››› more
  • [04 February 2014]
  • The platinum companies and the AMCU get back round the table as the strike continues
  • The three top platinum producers and the Association of Mineworkers and Construction Union resumed talks today as the platinum strike continues. It is nearly two weeks since the strike action began. Losses are mounting up for the producers. Let's take a closer look at what's going on… Today, talks resume between Anglo American Platinum, Lonmin and Impala Platinum with the Association of Minewo... ››› more
  • [04 February 2014]
  • Weakness continues to mar SA manufacturing
  • Earlier today, Kagiso Tiso Holdings released its purchasing managers' index (PMI) for January. The data shows that the business outlook in South African manufacturing remains a concern. For the second straight month, PMI was in contraction territory. Let's take a closer look at what the data revealed… For the second month in a row, the purchasing managers’ index remained at 49.9, says Fin24.... ››› more
  • [03 February 2014]
  • Where to now for the Adcock buyout?
  • On Friday, it emerged that Bidvest had drastically increased its stake in local drug maker Adcock Ingram. The moves sees Bidvest owning more than 30% of Adcock. Last year, CFR Pharmaceuticals made an offer to buy Adcock, but with this move by Bidvest, it doesn't look likely now. Let's take a closer look at what's happening… In November, CFR Pharmaceuticals made a formal bid to buy Adcock Ingra... ››› more
  • [03 February 2014]
  • The lower gold price hits Harmony
  • Earlier today, Harmony Gold released its results covering the last three months of last year. The gold miner showed it's struggling amidst a weaker gold price and output also fell. Let's take a closer look at what the trading update revealed… South Africa’s third biggest gold producer, Harmony Gold, posted its “second loss in three quarters,” reports Bloomberg. This is as the gold price ... ››› more
  • [03 February 2014]
  • Come Wednesday a litre of petrol will cost you another 39c
  • Earlier today, the Department of Energy announced news that motorists have been dreading. The price of fuel is to see a hefty hike. You can thank the weak rand for the increase. Let's take a closer look at what this means for motorists… Two weeks ago, the Automobile Association of South Africa (AA) warned motorists of a hefty fuel hike coming their way. The AA estimated that the price of petro... ››› more
  • [31 January 2014]
  • Amplats' strike woes look set to worsen
  • Yesterday, the National Union of Metalworkers of South Africa announced its intention to strike at Anglo American Platinum. This would see the platinum producer enduring more strike action as members of the Association of Mineworkers and Construction Union enter their second week of strikes at Amplats. Let's take a closer look at what's going on… Last night, the National Union of Metalworkers ... ››› more
  • [31 January 2014]
  • Producer inflation shoots up to 6.5% in December
  • Yesterday Stats SA released its producer inflation data for last month. The data surprised, showing a large jump higher from November. The rate of inflation was also much higher than economists had forecast. Let's take a closer look at what pushed producer inflation so high… Headline producer inflation took a leap higher in December, accelerating to “6.5% year-on-year,” reports Fin24. That... ››› more
  • [31 January 2014]
  • Bidvest soaks up as many Adcock shares as it can get its hands on
  • Yesterday, Bidvest purchased a huge amount of shares traded in Adcock Ingram. Reports suggest that it could be close to the 39 million traded on the day. This move by Bidvest means its stake in Adcock is rapidly growing. Shares in Adcock fell this morning. Let's take a closer look at what's going on… Back in November last year, Adcock Ingram received a formal bid from the Chilean drug firm CFR... ››› more
  • [31 January 2014]
  • A judge rules against the AMCU's plan to strike in the gold sector
  • Earlier today, a Labour Court judge said that the Association of Mineworkers and Construction Union (AMCU) can't strike at three of the country's gold producers. This follows the gold producers seeking a court interdict to prevent the strike. This follows the AMCU issuing strike notices last week. Let's take a closer look at what this means… The Johannesburg Labour Court says that members of t... ››› more
  • [30 January 2014]
  • The AMCU rejects a revised pay offer after talks
  • Yesterday, the Association of Mineworkers and Construction Union (AMCU) left the final day of government mediated talks with the big three platinum producers with a new wage offer in hand. But this morning, the union says it rejects the wage offer. Let's take a closer look at what's going on… A week has passed since members of the Association of Mineworkers and Construction Union (AMCU) downed... ››› more
  • [30 January 2014]
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