Publication: BDlive

First reported 9 hours ago - Updated 3 hours ago - 3 reports

Resilient rand shrugs off dismal trade data

THE rand was resilient against the dollar in late trade on Friday, even after data showed the deficit on South Africa’s trade account deteriorated by more than expected in June.At 4.03pm, the local currency was at R10.6317 to the dollar, little changed ... [Published BDlive - 3 hours ago]
First reported Aug 28 2014 - Updated 6 hours ago - 3 reports

JSE further in the red as iron ore price slumps

THE JSE all share further retreated in the red at midday on Friday as resources, platinum and gold shares slumped in reaction to lower iron ore prices.The benchmark iron ore price fell to a two-year low of $87 per ton on Thursday. It is down 36% so far ... [Published BDlive - 6 hours ago]
First reported Aug 28 2014 - Updated 10 hours ago - 2 reports

Slower food inflation feeds through to producer price index

PRICE pressures at the producer level moderated for the third consecutive month in July owing to slightly softer food inflation, Statistics South Africa figures showed on Thursday.The producer price index (PPI) for final manufactured goods moderated to ... [Published BDlive - 11 hours ago]
First reported Aug 28 2014 - Updated 11 hours ago - 2 reports

Adcock divides to conquer as it seeks recovery from loss

THE new management of drug maker Adcock Ingram has begun a reorganisation of the business, splitting it into five divisions with some degree of autonomy to work towards a return to profitability and meet targets.Restoring the business to sustainable profitability ... [Published BDlive - 11 hours ago]
First reported Aug 28 2014 - Updated 13 hours ago - 2 reports

Engineering body believes e-tolls ‘best way to fund roads’

ELECTRONIC tolling is the best and most sensible method of funding Gauteng’s localised road infrastructure while prioritising maintenance and future projects, the Consulting Engineers of South Africa (Cesa) said on Thursday.Cesa represents 505 consulting ... [Published BDlive - Aug 28 2014]
First reported 14 hours ago - Updated 13 hours ago - 2 reports

End game looms in spy-tape saga

THE pending release of the "spy tapes" and internal National Prosecuting Authority (NPA) documents to the Democratic Alliance (DA) is a critical step, which could lead to a review of corruption charges against President Jacob Zuma.The Supreme Court of ... [Published BDlive - 13 hours ago]
First reported Aug 28 2014 - Updated 19 hours ago - 2 reports

LETTER: ANC doing more harm

WHO brings Parliament into worse repute? The Economic Freedom Fighters (EFF), who do it with physical threat and disorder, or the African National Congress (ANC), which does it with cynical disingenuousness and plain dumb insolence in the way it skirts ... [Published BDlive - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 2 reports

Implats undertakes strategic review of its assets, says Goodlace

IMPALA Platinum will lose 140,000oz of platinum production in the first half of its 2015 financial year as it ramps up its mines back to pre-strike production levels.For the year to end-June 2015, Implats, the world’s second-largest platinum producer, ... [Published BDlive - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 28 2014 - 4 reports

JSE opens lower on softer Asian markets

THE JSE all share index was lower on Thursday morning as it took its cue from softer Asian markets and mostly unchanged overnight US markets.The S&P 500 closed around the 2,000-point mark, while the Dow closed flat. Asian markets were trending lower — ... [Published BDlive - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 28 2014 - 2 reports

Possible eurozone stimulus measures keeps rand stable

POSITIVE news on further stimulatory measures by the European Central Bank (ECB) kept the rand steady in early morning trade on Thursday.The local currency also found some support from a slightly weaker dollar.Analysts said the market was expecting some ... [Published BDlive - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 28 2014 - 2 reports

Growthpoint in talks to take over Acucap Properties

GROWTHPOINT, the JSE’s largest property group by market value, is in talks to take over Acucap Properties, CEO Norbert Sasse said on Wednesday.He was speaking at Growthpoint’s results presentation on Wednesday. Growthpoint has a market value of about ... [Published BDlive - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 4 reports

EDITORIAL: Executive does not govern legislature

IT IS tempting to laugh off African National Congress (ANC) secretary-general Gwede Mantashe’s suggestion that Parliament may have to be moved away from Cape Town as a consequence of the chaos that erupted in the house during the speaker’s standoff with ... [Published BDlive - Aug 27 2014]

Quotes

Vestact director Sasha Naryshkine said the lower iron price was hitting the market hard. "It is also getting tougher and tougher for platinums‚ with high stockpiling levels not moving commodity prices."
"Our malls have done very well, better than we expected. I think this is because customers have taken to the upgrades, which include various international clothing brands which are making their way into Africa" Mr Prinsloo said
"There’s a bigger play at hand which is assisting the rand and various other emerging market currencies, even in the face of the poor trade data" he said, referring to mounting expectations that European Central Bank governor Mario Draghi will soon implement quantitative easing measures to stem...
"The largest component relates to households which accounts for 61.6%, or R57.9bn," the Treasury said. "Household debt reported in the third quarter of 2013-14 was at 61.5%, or R57.5bn."

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JSE ends weaker as it tracks global stocks [Published BDlive - 1 hour ago]
Shopping centre owner Hyprop boosts distribution [Published BDlive - 2 hours ago]
Madonsela urges restraint from ‘mudslinging’ [Published BDlive - 3 hours ago]
Palabora shareholders mull project to extend li... [Published BDlive - 3 hours ago]
Resilient rand shrugs off dismal trade data [Published BDlive - 3 hours ago]
SA metros owed almost R53bn in outstanding debt [Published BDlive - 3 hours ago]
Petrol price to drop by 67c/l [Published BDlive - 4 hours ago]
SA’s trade deficit widens from June to July [Published BDlive - 4 hours ago]
BUSINESS DAY TV: RCL Foods ‘comfortable with Ra... [Published BDlive - 4 hours ago]
BUSINESS DAY TV: Productivity key to Implats’s ... [Published BDlive - 4 hours ago]
LETTER: Zuma must go [Published BDlive - 6 hours ago]
JSE further in the red as iron ore price slumps [Published BDlive - 6 hours ago]
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Rand steady as traders await trade data [Published BDlive - 7 hours ago]
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LETTER: Minimum wages cause job losses [Published BDlive - 11 hours ago]
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Vivendi warms to Telefónica’s raised GVT offer [Published BDlive - 11 hours ago]
Slower food inflation feeds through to producer... [Published BDlive - 11 hours ago]
Supply glut hits iron-ore prices [Published BDlive - 11 hours ago]
Safcol aims at exports to China, India to count... [Published BDlive - 11 hours ago]
Adcock divides to conquer as it seeks recovery ... [Published BDlive - 11 hours ago]
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