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Feb 13 2012 12:15
Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.
Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Johannesburg - The South African rand joined global markets in adopting a wait-and-see approach ahead of US non farm payrolls data out later in the US, noted a local trader.
At 09:02 the rand was bid at R7.6683 to the dollar from R7.6506 at its previous close. It was bid at R10.5145 to the euro from its previous close of R10.5411 and was at R12.0458 against the sterling from R12.0733.
The euro was bid at $1.3723 from $1.3742 previously.
A local currency trader said: "Being Friday we are adopting a wait and see approach. Markets are edgy, with emerging markets being hit quite hard yesterday and overnight.
"The range is 7.58-7.75 ahead of US payrolls data out later."
- I-Net Bridge