Data provided by iNet BFA
Loading...
See More

JSE weakens on SA mining issues

Jan 08 2013 10:05 I-Net Bridge


Related Articles

Miners pull JSE higher

Miners nudge JSE to another high

Miners push JSE to another record

Mining stocks fuel JSE rally

Miners‚ industrials keep JSE up

JSE down on continued consolidation

 
Johannesburg – The JSE weakened on Tuesday morning as the continued difficulties in the South African mining sector weighed on local markets.

“Harmony Gold Mining’s announcement yesterday that it will keep its Kusasalethu mine closed while it considers whether to continue with operations or close down and retrench workers is not positive for the short-term prospects of the labour market‚” Absa Capital said in a note on Tuesday.

At 9:14‚ the All Share [JSE:J203] index was 0.11% weaker at 40 119.62 points with gold miners adding 0.68% in value.

“This is indicative of the lingering adverse effects of the labour strife in the mining industry during Q3-Q4 last year‚ as companies rethink the risk of doing businesses in SA‚” it added.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

equities  |  jse  |  markets
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

10 tips for financial planning

Financial planning is the first step towards a better financial future.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...