Company Data
| Last traded |
R29,189.72 |
| Change |
R115.53 |
| % Change |
0.40% |
| Cumulative volume |
0 |
| Market cap |
R0.00 |
| Last traded |
R33,104.06 |
| Change |
R111.81 |
| % Change |
0.34% |
| Cumulative volume |
0 |
| Market cap |
R0.00 |
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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 stocks retreated
nearly 1 percent on Thursday as falling commodity prices and nagging concerns
over euro zone debt dragged on resources firms such as AngloGold Ashanti.
Impala Platinum slid 4 percent as workers wreaked havoc at its
Rustenburg plant, raising concern that an on-going strike will continue to halt
production at the world’s single biggest platinum mine.
“Resource companies are driving the way down unfortunately, that’s
on the back of weaker commodity prices and obviously more concerns over Europe,”
said Desmond Reilly, a trader at PSG Securities.
Bullion prices dropped more than 1% as pressure exerted by
the euro’s drop to three-week lows versus the dollar pushed the metal through
key support levels.
Johannesburg’s gold producers shed 2.3%. AngloGold Ashanti
fell the most, shedding 4% to R326.14. Brokerage Macquarie cut the
company’s target price to 464 rand from 488 rand and gave it an “outperform”
rating.
Johannesburg’s index of platinum miners retreated 3% as the
precious metal’s spot price weakened. Lonmin, the world’s third-largest miner of
the white metal, dropped 2.2% to R121.59.
Impala, the world’s second-largest platinum producer, lost 4% to R158.19.
The world’s second-largest platinum producer says it lost R1.2bn from the labour disruption that has dragged on
for about a month.
South African riot police fired gas, rubber bullets and water canon
on Thursday at hundreds of striking miners who went on a rampage at the
Rustenburg plant.
Despite reporting a 35% rise in first-half profit, high-end
retailer Woolworths Holdings fell 1.9% to R41.70 as the weak
sentiment weighed.
City Lodge Hotels bucked the bearish trend to jump 5.5% to
R76.02 after brokerage HSBC raised the chain hotel to neutral from
underweight.
Market activity was relatively slow with 164.7 million shares
traded, according to preliminary data from the bourse. This compares with an
average 256 million shares that changed hands daily in 2011. A total 191
counters retreated, outpacing the 93 gainers.