Company Data
| Last traded |
R29,189.72 |
| Change |
R115.53 |
| % Change |
0.40% |
| Cumulative volume |
0 |
| Market cap |
R0.00 |
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Top Stories
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 - The rand firmed against the dollar on Monday,
and looked set to post further gains if Europe’s leaders sign off on another
rescue package for Greece intended to avert an imminent and chaotic default.
A decision by China to loosen monetary policy also boosted
risk sentiment, with commodity currencies such as the rand firming.
The rand was trading at R7.6714 against the dollar, nearly
one percent firmer than Friday’s New York close of R7.7425.
“We are still very much in ranges and we would have to break
R7.54 to start generating any proper downside momentum but until then in we’ll
stay in the R7.64 - R7.74 range,” said Jim Bryson, chief dealer at RMB.
“We’ve come in with dollar/rand a bit oversold this morning
and its unlikely we’ll break R7.64 and we will probably bounce a bit,” he
added. Trading might be skittish due to a US market holiday.
On domestic front, Finance Minister Pravin Gordhan presents
the 2012 budget on Wednesday, with markets looking to how the government plans
to fund a R300bn infrastructure programme announced by President Jacob Zuma
this month.
Signs of the government taking longer than expected to
narrow the budget deficit are likely to put pressure on the currency and bonds,
with investors set to price in more issuance at the long end of the curve.
On Monday, government bonds started steady, with the yield
on the 2015 bond unchanged from the previous close at 6.6% while the 2026 bond
yield ticked up 0.5 basis points to 8.235%.
The JSE’s Top 40 - (Tradeable) [JSE:J200] March futures
contract was up 0.42% suggesting a positive start on the stock market at 07:00
GMT.