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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 28 2012 07:53
The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Johannesburg - South African bonds displayed a
firmer bias in midday trade on Wednesday, on the back of the rand.
At 11:50, the benchmark R157 bond was trading at 6.580%, from
its previous close of 6.600%. The R207 was bid at 7.710% and offered at
7.680% from a previous close of 7.745% and the R186 was trading at
8.260% and offered at 8.230% from its close of 8.270%.
The rand was bid at 7.6869 against the dollar from its previous close of 7.7157.
"We opened a bit stronger on the currency. There's a lot of
action on the curve, every point up to 208 is quite well-bid.
"Generally, there's not much going on at the moment - guys are
on a run, small risk ahead of Budget next week and we can have a
relook," a trader said.
On the local front, today sees the release of December's retail sales data at 13:00 from Stats SA.
Foreigners were net buyers of R1.130bn of South African
bonds including repo transactions on Tuesday after net purchases of
R1.046bn of local bonds on Monday, data released by the JSE shows.
Nominal cumulative volume was R214.444bn on Tuesday from R56.958bn on Monday.
Foreigners were net buyers of R1.881bn of South African
bonds excluding repo transactions on Tuesday after net purchases of
R1.045bn of local bonds on Monday.
For the year to date foreigners have been net buyers of
R11.829bn of local bonds, excluding repo transactions. In 2011
they were net buyers of R47.359bn worth of local bonds, excluding
repo transactions.
In the year to date foreigners have been net buyers of R10.255
billion of local bonds including repo transactions. In 2011 they bought
R37.501 billion of local bonds.