What a month it's been, especially last week!
We saw giant companies like Tongaat, Lonmin and Basil Read suspend their shares.
These are companies that have been around 30 to 127 years and now they're being taken off the JSE.
And despite this mass culling, the JSE is still rising to new highs.
In this article we'll briefly catch you up on what happened in June with the m... ››› more
The JSE Top 40 closed the week down 1,5%.
Higher commodity prices; Gold, Silver and Brent Oil were up more than 2%, while Platinum managed 1,6%. These were not enough to save the Resources Index (down 3%) from a stronger Rand. Industrials and Financials were also softer.
Anglogold up 9,3% and Harmony 9,5% responding to a firmer Gold Price (up 2,5%).
PSG rallied 6%, see comment below. ... ››› more
Tongaat Hulett produces sugar cane and maize based products across the south of Africa. The company has a listing on the Johannesburg Stock Exchange…
Full name: Tongaat Hulett Limited
Short name: Tongaat
Sector: Food & beverage – food producers
Five top facts about Tongaat Hulett
Tongaat Hulett employs nearly 40,000 people across its operations of sugar can... ››› more
As the platinum sector strike rumbles on into its fifth month, workers in the sugar industry are set to follow suit. Workers of sugar producers are planning to down tools tomorrow after wage talks reached deadlock. Let's take a closer look at what's going on…
Sugar workers strike for the first time in 11 years
For the first time since 1997, around 5,500 sugar workers are planning “to st... ››› more
Earlier today, Tongaat Hulett released a trading statement for the six months to the end of September. In the statement, the sugar producer said that headline earnings per share are to be 1.2% higher than the previous comparable period. But the market was unimpressed, punishing the share swiftly lower. Let's take a closer look at what the trading statement revealed…
Shares in Tongaat Hulett sl... ››› more
Many investors have been put off investing in the mining sector and resources as a result of the constant threat of violence. After all, union unrest affects production and lower production means less profit for you at the end of the day. But you shouldn't let that put you off of investing in ALL commodities, especially with Illovo Sugar and Tongaat Hulett's impressive financial results!
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