Thursday, 11th March 2010

Rand Watch

Latest Market Indicators

Gold$1,108
Platinum$1,592
JSE All Share27,911
JSE Gold Mining2,173
JSE Top 4025,012
JSE Industrials26,058
JSE Mid Cap36,844
JSE Finance20,543
JSE Mining32,820
JSE Small Cap28,436
JSE Oil & Gas21,409

Latest Currency Exchange Rates

UK Pound£1=R11.15
US Dollar$1=R7.42
Euro€1=R10.14
Australian Dollar$1=R6.78
Canadian Dollar$1=R7.23
New Zealand Dollar$1=R5.19

Financial News headlines from South Africa

Diamonds in a catfight
Tension between diamond giant De Beers and African Diamonds looked ready to flare up.

JSE tracks Dow
Stocks closed in negative territory on Thursday, tracking softer markets in the US and Europe.

MPs shocked by tenders
MPs were shocked by the findings of a Public Service Commission investigation.

Ceppwawu backs Mboweni
Former Reserve Bank governor Tito Mboweni will add to Nampak's new strategic plan.

Rand range bound
The rand continued to trade within a range on Thursday afternoon.

Eskom's 138 secrets
Eskom has secret deals with 138 big companies that pay 17 cents per kilowatt hour.

OM CEO cracks his whip
Financial services group Old Mutual CEO Julian Roberts has vowed to realise value for shareholders, issuing a stern warning to underperforming divisions.

'Exceptional year' for Basil Read
Basil Read says it has had an exceptional year, despite 2009 being a challenging year that will be remembered for some time in the world's economic history books.