Related Articles
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 - South African stocks edged higher in early trade on Wednesday on the back of key Asian markets which
strengthened in the wake of a rally on Wall Street on Tuesday.
At 09:14 the JSE all share index had collected 0.54%, with gold miners adding 1.47%. Resources gained 1.15% and platinum counters firmed 1.11%.
Banks were up 0.60%, financials edged up 0.24% and industrials were flat, up 0.06%.
The rand was bid at R7.41 to the dollar from R7.39 just before the JSE closed on Tuesday. Gold was quoted at $1 040.92 a troy ounce from $1 039.32/oz just before the JSE's last close, and platinum was at $1 327/oz, from $1 313.50/oz at its previous close.
Said a local trader: "We have edged up this morning. The positive sentiment continued in the East, after spilling over from the Dow."
"We will have to eye to dollar, which had turned around and is trading higher against other currencies. This might put a spanner in the works and limit these resources," he said.
- I-Net Bridge