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Industrial

Fitch downgrades Eskom‚ Transnet

Jan 11 2013 19:40

Ratings agency Fitch has downgraded Eskom and Transnet after cutting the country's sovereign debt, citing deteriorating economic growth.

Economy

DairyBelle strike to intensify

Jan 11 2013 18:43

DairyBelle is bracing for further strike action following a seven-week-long protest that turned violent after workers demanded an 18% wage hike.

Economy

Farm strike threatens production, jobs

Jan 11 2013 17:09

Protest action on farms during the heart of the picking season will severely hurt the sustainability of farms and could result in job losses, a union says.

Economy

Zim BEE: Foreign banks will not be spared

Jan 11 2013 17:35

Zimbabwe's minister leading the push for with black ownership laws, says foreign banks will not be spared following Zimplats selling a 51% stake to locals.

Financial Services

Constantia homeowner takes on Outsurance

Jan 11 2013 14:55

Outsurance will be meeting with an enraged Constantia homeowner who publicly vented his anger over a R2.5m settlement after a fire razed his property.

Economy

Economic freedom losing ground in SA

Jan 11 2013 14:09

SA is slipping in the economic freedom stakes and sub-Saharan Africa continues to lag far behind the five other regions of the world, an index shows.

Mining

Zimplats signs away 51% stake

Jan 11 2013 15:04

Impala Platinum has signed away a majority stake in its Zimbabwe-based operations Zimplats in compliance with local empowerment laws.

Travel & Leisure

New union threatens strike at SAA

Jan 11 2013 13:36

The National Transport Movement has called off a strike after a meeting with SAA's acting CEO, amid continuing talks about recognition for the new union.

 

Breaking News

Cosatu hopeful over talks with farmers

Jan 11 2013 19:21

Town-by-town discussions with Western Cape farmers are progressing well, with a peace deal expected soon, says Cosatu.

Gold counters gain on weaker rand

Jan 11 2013 17:53

The JSE closed flat on Friday with gold miners the biggest gainers because of the weaker rand after the Fitch downgrade.

Vodafone hit by BlackBerry glitch

Jan 11 2013 15:12

Some Vodafone customers are not receiving emails via their BlackBerry phones, and the mobile operator is working at rectifying the problem.

Honda to cut 800 UK jobs

Jan 11 2013 14:42

Japanese carmaker Honda plans to cut around 800 jobs at its plant in England due to falling demand for its vehicles in Europe.

RBS to cut bonuses to pay Libor fines

Jan 11 2013 14:12

Royal Bank of Scotland is preparing to slash bonuses for its investment bankers to help pay fines for its role in an interest rate rigging scandal, a source says.

British manufacturing output slumps

Jan 11 2013 14:07

British manufacturing output fell in November and industrial production was weaker than expected, official data show.

Fitch downgrade still weighs on rand

Jan 11 2013 12:10

The rand was flat against the US dollar before noon after the local currency weakened overnight due to the country’s sovereign credit rating downgrade.

Japan unveils $226bn stimulus package

Jan 11 2013 10:21

Japan's new government unveiled a massive $226.5bn stimulus plan in the latest bid to boost the world's number three economy.

Analysis & Opinion

ANALYSIS

SA's credit rating blow

Not even Mangaung could convince Fitch, says Nomura's Peter Attard Montalto....

ANALYSIS

Half-empty wine glass

Winelands workers deserve a decent wage, says Mzwandile Jacks....

ANALYSIS

Smoke that

The tide is turning against tobacco firms, argues Rachel Sikwane....

  • Winners
  • Losers
  • Most Visited NEW
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
LON Lonmin PlcR45.75R2.054.69%
UUU Uranium One IncR21.50R0.733.51%
INP Investec PlcR62.19R1.562.57%
SAB Sabmiller PlcR412.75R9.852.44%
ANG Anglogold Ashanti LimitedR252.88R5.482.22%
graph 30 Day price chart
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
KAP Kap Industrial Holdings L...R3.25R-0.13-3.85%
MPC Mr Price Group LimitedR135.89R-4.81-3.42%
BAW Barloworld LimitedR82.79R-2.91-3.40%
TFG The Foschini Group Limite...R138.20R-4.49-3.15%
NHM Northam Platinum LimitedR37.00R-1.20-3.14%
graph 30 Day price chart
Most visited Company snap shot pages on Fin24 in the last 24 hrs.
Most Visited EquitiesNumber of views
LON Lonmin31
OML Oldmutual23
SAB Sab19
SOL Sasol17
CPI Capitec17
graph 30 Day price chart
All JSE data is delayed by at least 15 minutes and provided by McGregor BFA

Inside Fin24.com

 
South Africa

Minister calls farmers to the table

Jan 11 2013 14:05

Farmers must come to the negotiation table to help end the violent strike by Western Cape farmworkers, Labour Minister Mildred Oliphant says.

World

Greek unemployment rate tripples

Jan 10 2013 19:41

Greece's jobless rate has climbed to a record 26.8% in October and almost tripled since September 2009 as the country remains sunk in recession.

Money Clinic

How much should you pay for advice?

Jan 08 2013 16:28

What is a fair and reasonable upfront and annual fee for my financial planner to charge on my investments, asks a Fin24 user.

Company Snapshot

For detailed Unit Trust information, click here.
 
couple

Add some kink to your holiday

Looking to add a little spice into your routine? Take a break and hit one of these kinky little locations.

 
 

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Business Calendar

13
January 2013

Money Clinic

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2013 Money Edition

“I have seen the future and it is very much like the present, only longer…” This quotation from the author of The Profit is perhaps one of the most apt descriptions of financial markets in 2012. With many predicting financial Armageddon and pointing to rising social unrest in Africa, Europe and the Middle East, the writing seemed to be on the wall for financial markets. When it became apparent that social unrest wouldn’t be a catalyst for a collapse in markets, the focus moved to the “fiscal cliff”, which was expected to create just enough uncertainty to push markets over the edge.

A “rude awakening” for tech investors…

Controversial telecoms analyst John Strand lays down predictions for the year ahead

What is your Failure Story?

This video should be a must-see for all South Africans asking themselves what future they have as they leave the relative safety of high school.

PORTFOLIO LEADERBOARD

Top 10 best performers
Rank Portfolio Name % Change Total Gain/Loss %
1 Best Buy 0.00 17680.68
2 Zim Sap Penny's 0.02 10869.49
3 Long-term 0.00 9390.31
4 JR 0.00 8664.80
5 Just Penny's 0.01 8314.65
6 My baby -0.01 6801.97
7 Mining 0.00 6381.05
8 Penny Stocks 0.00 5930.61
9 RHPS 0.00 5873.89
10 Loss High -0.01 5546.24
View full leaderboard
Most Popular Shares
  • vBought
  • vSold
Top 5 most vBought shares on Fin24 in the last 24 hours
Instrument Price Change % Change
SOL 370.51 0.51 0.14
CZA 3.30 0.00 0.00
CPI 201.90 1.90 0.95
AMS 500.10 -0.40 -0.08
LON 45.75 2.05 4.69
Top 5 most vSold shares on Fin24 in the last 24 hours
Instrument Price Change % Change
BDM 2.50 0.05 2.04
BAW 82.79 -2.91 -3.40
BCX 5.35 -0.03 -0.56
AFX 23.75 -0.75 -3.06
AGL 286.20 -0.97 -0.34
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