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Feb 10 2012 18:19
The rand tumbled against the dollar in late afternoon trade as the local currency tracked a jittery euro.
Feb 10 2012 17:28
President Jacob Zuma will make an announcement "of national importance" on Saturday, says a central bank statement.
Feb 10 2012 14:37
A weak euro has dragged down the rand, causing it to extend losses against the dollar as the eurozone debt crisis affected investor sentiment.
Johannesburg - The JSE opened firmly in the red on
Thursday amid negative global sentiment that saw a softer US close, with Asia also down.
A local equities dealer noted poor commodity prices and a firmer dollar, as weighing on the local bourse. At 09:29 the JSE all share index was 0.58% lower, with resources giving
up 0.94%, platinum miners down 1.28% and gold miners declined 1.15%.
Banks were off 0.09%, financials subsided 0.16%, while industrials were 0.37% lower.
The rand was bid at R7.50 to the dollar from R7.46 when the JSE closed on Tuesday. Gold was quoted at $1 106.76 a troy ounce from $1 117.22 at the JSE's last close, and platinum was at $1 563.50/oz, from $1 586/oz at the bourse's previous close.
A local trader said: "Its all about damage control today. The JSE has come under pressure this morning amid negative global sentiment."
- I-Net Bridge