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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 - A firmer rand firmed in midday trade on Tuesday tracking dollar weakness against the majors.
At 11:46 the rand was bid at R7.4408 to the dollar from R7.4800 at its previous close. It was bid at R10.3844 to the euro from its previous close of R10.4359 and was at R11.8770 against the sterling from R11.9381.
The euro was bid at $1.3932 from $1.3921 previously.
A local trader noted that the rand had finally broken its earlier range against the dollar. "We saw US dollar weakness against the euro, and in fact other majors, leading to a bit of rand strength.
"We saw the local currency bounce off R7.46 against the dollar, and we need to break through this level to see the rand strengthen further."
Dow Jones Newswires reports that in the currency markets, the Australian dollar weakened marginally. At 09:15 GMT, it was trading at $0.8812, down from $0.8914 in late New York trading on Monday.
Elsewhere, exchange rates were little changed. The euro was trading at $1.3928, down from $1.3931. The dollar was at ¥90.60, down from ¥90.61.
- I-Net Bridge