Sunday, 14th March 2010

Rand Watch

Latest Market Indicators

Gold$1,102
Platinum$1,616
JSE All Share28,262
JSE Gold Mining2,221
JSE Top 4025,373
JSE Industrials26,209
JSE Mid Cap36,914
JSE Finance20,733
JSE Mining33,515
JSE Small Cap28,559
JSE Oil & Gas21,608

Latest Currency Exchange Rates

UK Pound£1=R11.23
US Dollar$1=R7.39
Euro€1=R10.17
Australian Dollar$1=R6.77
Canadian Dollar$1=R7.25
New Zealand Dollar$1=R5.19
Swiss FrancSF1=R6.99
Japanese Yen¥1=R0.08
Chinese Renminbi¥1=R1.08
Mexican Pesos$1=R0.59
Indian RupeeRs1=R0.16

Financial News headlines from South Africa

Toyota slapped with Orange County, Calif., lawsuit
Southern California prosecutors filed the first US consumer protection lawsuit against Toyota Motor Corp yesterday, claiming it had engaged in "fraud" by hiding evidence of dangerous vehicle defects.

Cosatu preparing for mass action over Eskom tarrif hike
Trade union Cosatu has started mobilising its members for possible rolling mass action to protest Eskom's 25\% electricity increase for the next three years. Addressing Metalworkers Union Numsa's Eastern Cape congress in Port Elizabeth today Cosatu general secretary Zwelenzima Vavi said the country could not afford such a huge increase and that thousands of jobs would be lost.

Koeberg to shut down
Eskom spokesman Tony Stott says that the Koeberg nuclear power station is to be shut down to "mitigate" a possible risk in one of its water cooling systems.

Chamber of Commerce forecasts positive future for businesses post 2010
The Durban Chamber of Commerce and Industry has forecast a positive future for businesses after 2010. Business is still recovering from the effects of the global economic downturn.

US stocks end mixed
US stocks have ended narrowly mixed amid conflicting signals on consumer confidence, a critical barometer for the US economic recovery.

SA travel destinations exhibited in Berlin
South African Travel Destinations and Accommodation have exhibited their goods at the International Tourism Bourse in Berlin in an effort to attract more visitors from Europe.

Oil drops below $81, consumer confidence weighs
Oil slipped 1\% to below $81 a barrel today, as data showing a drop in consumer confidence renewed demand concerns.

'Whites cause Tshwane's financial woes'
Gauteng premier Nomvula Mokonyane's statement that Tshwane's financial problems are largely a result of defaults by white ratepayers was based on fact, spokesman Dumisani Zulu has said.